Victory Capital Management Inc. Grows Holdings in Hamilton Insurance Group, Ltd. $HG

Victory Capital Management Inc. raised its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,237 shares of the company’s stock after purchasing an additional 32,683 shares during the quarter. Victory Capital Management Inc. owned 0.50% of Hamilton Insurance Group worth $12,356,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its stake in Hamilton Insurance Group by 1,404.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock worth $42,000 after buying an additional 1,587 shares during the period. State of Alaska Department of Revenue bought a new position in Hamilton Insurance Group in the 3rd quarter worth about $71,000. Ameritas Investment Partners Inc. grew its stake in Hamilton Insurance Group by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock worth $99,000 after acquiring an additional 585 shares in the last quarter. Strs Ohio purchased a new position in shares of Hamilton Insurance Group during the first quarter worth approximately $112,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Hamilton Insurance Group by 24.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock worth $123,000 after acquiring an additional 1,101 shares during the period. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Trading Down 1.2%

Shares of NYSE:HG opened at $28.54 on Thursday. The company has a market capitalization of $2.83 billion, a PE ratio of 5.12 and a beta of 0.56. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group, Ltd. has a 12-month low of $16.80 and a 12-month high of $32.21. The business’s fifty day simple moving average is $28.72 and its 200-day simple moving average is $26.60.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. As a group, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Hamilton Insurance Group Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 6th will be issued a $2.00 dividend. The ex-dividend date is Friday, March 6th.

Analyst Ratings Changes

A number of analysts recently issued reports on HG shares. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $26.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Citigroup upped their price objective on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.29.

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.