Strs Ohio Has $732,000 Position in Hamilton Insurance Group, Ltd. $HG

Strs Ohio lifted its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 446.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,500 shares of the company’s stock after buying an additional 24,100 shares during the period. Strs Ohio’s holdings in Hamilton Insurance Group were worth $732,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Inspire Investing LLC bought a new position in Hamilton Insurance Group in the third quarter valued at approximately $1,082,000. Joel Isaacson & Co. LLC bought a new position in shares of Hamilton Insurance Group in the second quarter valued at $270,000. American Century Companies Inc. grew its stake in shares of Hamilton Insurance Group by 15.7% in the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock valued at $47,879,000 after buying an additional 301,334 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in Hamilton Insurance Group during the third quarter worth $2,106,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Hamilton Insurance Group by 21.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,357,876 shares of the company’s stock worth $29,357,000 after acquiring an additional 235,935 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Insider Buying and Selling

In other Hamilton Insurance Group news, CEO Alexander James Baker sold 18,350 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $26.19, for a total transaction of $480,586.50. Following the transaction, the chief executive officer owned 84,136 shares in the company, valued at $2,203,521.84. This trade represents a 17.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HG shares. Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. BMO Capital Markets reissued a “market perform” rating and set a $26.00 price target on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Morgan Stanley set a $28.00 price objective on Hamilton Insurance Group in a research report on Tuesday, December 16th. Finally, Citizens Jmp lifted their target price on Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $29.88.

Hamilton Insurance Group Trading Up 1.2%

Shares of HG stock opened at $27.62 on Friday. Hamilton Insurance Group, Ltd. has a 12-month low of $16.80 and a 12-month high of $28.72. The company has a market capitalization of $2.72 billion, a PE ratio of 6.58 and a beta of 0.69. The firm has a 50 day moving average price of $27.30 and a two-hundred day moving average price of $24.98. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Tuesday, November 4th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.61. The company had revenue of $667.65 million for the quarter, compared to analyst estimates of $537.70 million. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%. As a group, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Profile

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.