108,239 Shares in Hamilton Insurance Group, Ltd. $HG Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 108,239 shares of the company’s stock, valued at approximately $3,229,000.

Several other hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Hamilton Insurance Group in the 4th quarter worth about $25,000. Chesapeake Asset Management LLC boosted its position in shares of Hamilton Insurance Group by 487.8% during the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock worth $34,000 after buying an additional 1,000 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Hamilton Insurance Group by 112.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock worth $49,000 after buying an additional 937 shares in the last quarter. Royal Bank of Canada increased its position in Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after acquiring an additional 410 shares during the period. Finally, Strs Ohio acquired a new stake in Hamilton Insurance Group in the 1st quarter valued at approximately $112,000. 29.17% of the stock is currently owned by institutional investors.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, Treasurer Jonathan B. Levenson sold 6,075 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total value of $185,955.75. Following the completion of the transaction, the treasurer directly owned 39,629 shares in the company, valued at approximately $1,213,043.69. This trade represents a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian John Deegan sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total value of $337,590.00. Following the completion of the transaction, the chief accounting officer directly owned 71,347 shares of the company’s stock, valued at $2,189,639.43. This represents a 13.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 70,105 shares of company stock valued at $2,220,158 in the last quarter. Insiders own 3.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HG shares. Morgan Stanley boosted their price target on Hamilton Insurance Group from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday. Wall Street Zen upgraded shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Barclays restated an “overweight” rating and set a $39.00 target price on shares of Hamilton Insurance Group in a research note on Tuesday. UBS Group set a $33.00 price objective on shares of Hamilton Insurance Group in a report on Thursday, May 21st. Finally, Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.38.

Hamilton Insurance Group Trading Up 1.1%

NYSE:HG traded up $0.38 on Tuesday, hitting $34.84. 159,782 shares of the stock were exchanged, compared to its average volume of 518,520. The company’s 50-day moving average price is $31.62 and its 200 day moving average price is $30.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. Hamilton Insurance Group, Ltd. has a 52 week low of $20.44 and a 52 week high of $35.20. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 5.71 and a beta of 0.35.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The firm had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. On average, equities research analysts forecast 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.