43,646 Shares in Hamilton Insurance Group, Ltd. $HG Purchased by Inspire Investing LLC

Inspire Investing LLC purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) in the 3rd quarter, Holdings Channel reports. The firm purchased 43,646 shares of the company’s stock, valued at approximately $1,082,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Donald Smith & CO. Inc. acquired a new stake in shares of Hamilton Insurance Group in the second quarter worth approximately $14,272,000. Bridgeway Capital Management LLC raised its stake in Hamilton Insurance Group by 398.9% during the first quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company’s stock worth $12,060,000 after purchasing an additional 465,152 shares during the period. American Century Companies Inc. boosted its holdings in shares of Hamilton Insurance Group by 15.7% in the 2nd quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock valued at $47,879,000 after purchasing an additional 301,334 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Hamilton Insurance Group by 66.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 609,694 shares of the company’s stock valued at $13,182,000 after buying an additional 244,262 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Hamilton Insurance Group by 260.5% during the 1st quarter. Empowered Funds LLC now owns 330,254 shares of the company’s stock valued at $6,846,000 after buying an additional 238,652 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG opened at $28.34 on Friday. The business’s 50-day simple moving average is $26.25 and its 200 day simple moving average is $23.95. The company has a market cap of $2.79 billion, a P/E ratio of 6.75 and a beta of 0.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66. Hamilton Insurance Group, Ltd. has a one year low of $16.80 and a one year high of $28.72.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.61. The company had revenue of $667.65 million during the quarter, compared to the consensus estimate of $537.70 million. Hamilton Insurance Group had a net margin of 15.95% and a return on equity of 15.07%. On average, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HG shares. Wells Fargo & Company increased their target price on Hamilton Insurance Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. BMO Capital Markets restated a “market perform” rating and set a $26.00 price target on shares of Hamilton Insurance Group in a research note on Tuesday. Citizens Jmp lifted their price objective on Hamilton Insurance Group from $31.00 to $32.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 5th. JMP Securities set a $32.00 target price on Hamilton Insurance Group in a report on Wednesday, November 5th. Finally, Citigroup reissued an “outperform” rating on shares of Hamilton Insurance Group in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Insider Activity

In related news, CEO Alexander James Baker sold 18,350 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $26.19, for a total value of $480,586.50. Following the transaction, the chief executive officer owned 84,136 shares in the company, valued at approximately $2,203,521.84. The trade was a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 17.46% of the company’s stock.

About Hamilton Insurance Group

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.