Donald Smith & CO. Inc. Acquires 646,106 Shares of Hamilton Insurance Group, Ltd. $HG

Donald Smith & CO. Inc. raised its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 71.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,552,870 shares of the company’s stock after buying an additional 646,106 shares during the period. Donald Smith & CO. Inc.’s holdings in Hamilton Insurance Group were worth $43,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in HG. Chesapeake Asset Management LLC lifted its stake in shares of Hamilton Insurance Group by 487.8% in the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Hamilton Insurance Group by 112.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after buying an additional 937 shares in the last quarter. Strs Ohio bought a new position in shares of Hamilton Insurance Group in the first quarter valued at $112,000. Tower Research Capital LLC TRC lifted its stake in shares of Hamilton Insurance Group by 24.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after buying an additional 1,101 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at $157,000. 29.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director David A. Brown sold 37,300 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the completion of the sale, the director owned 450,000 shares in the company, valued at approximately $14,472,000. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Brian John Deegan sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total transaction of $337,590.00. Following the sale, the chief accounting officer owned 71,347 shares of the company’s stock, valued at $2,189,639.43. This trade represents a 13.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 70,105 shares of company stock worth $2,220,158. Insiders own 3.02% of the company’s stock.

Hamilton Insurance Group Stock Up 2.3%

HG stock opened at $31.60 on Thursday. The stock’s fifty day simple moving average is $31.06 and its two-hundred day simple moving average is $29.33. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 1-year low of $20.44 and a 1-year high of $33.72. The stock has a market cap of $3.14 billion, a P/E ratio of 5.17 and a beta of 0.44.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $758.91 million during the quarter, compared to the consensus estimate of $933.90 million. Analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group set a $33.00 price objective on shares of Hamilton Insurance Group in a research note on Thursday, May 21st. Morgan Stanley raised their price objective on shares of Hamilton Insurance Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Citizens Jmp increased their target price on shares of Hamilton Insurance Group from $36.00 to $38.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.00.

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.