VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.91 Million in Hamilton Insurance Group, Ltd. $HG

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 56,250 shares of the company’s stock, valued at approximately $1,909,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. grew its holdings in Hamilton Insurance Group by 71.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock worth $43,325,000 after acquiring an additional 646,106 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Hamilton Insurance Group by 10.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after purchasing an additional 140,474 shares in the last quarter. Sei Investments Co. raised its stake in shares of Hamilton Insurance Group by 72.9% in the 1st quarter. Sei Investments Co. now owns 380,717 shares of the company’s stock valued at $11,357,000 after purchasing an additional 160,575 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Hamilton Insurance Group during the first quarter worth about $3,229,000. Finally, Lazard Asset Management LLC lifted its position in shares of Hamilton Insurance Group by 9.5% during the first quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock worth $31,309,000 after purchasing an additional 90,655 shares during the last quarter. 29.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HG. UBS Group set a $33.00 price target on Hamilton Insurance Group in a research note on Thursday, May 21st. Barclays increased their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Hamilton Insurance Group in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $36.12.

Hamilton Insurance Group Trading Down 0.2%

NYSE HG opened at $34.83 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Hamilton Insurance Group, Ltd. has a one year low of $22.66 and a one year high of $37.31. The company has a 50-day simple moving average of $35.14 and a 200-day simple moving average of $32.42. The firm has a market capitalization of $3.44 billion, a PE ratio of 6.07 and a beta of 0.31.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The firm had revenue of $839.58 million for the quarter. On average, equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.89 earnings per share for the current year.

Insider Activity at Hamilton Insurance Group

In other news, Director David Brown sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the completion of the transaction, the director directly owned 400,000 shares of the company’s stock, valued at approximately $14,448,000. This represents a 11.11% 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 the SEC website. Company insiders own 3.02% of the company’s stock.

Hamilton Insurance Group Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company’s offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.