Boston Partners Has $1.72 Million Stake in Hamilton Insurance Group, Ltd. $HG

Boston Partners raised its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 23.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 79,745 shares of the company’s stock after acquiring an additional 15,182 shares during the quarter. Boston Partners’ holdings in Hamilton Insurance Group were worth $1,724,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC boosted its stake in shares of Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company’s stock worth $35,000 after acquiring an additional 1,075 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Hamilton Insurance Group in the 1st quarter worth approximately $62,000. Ameritas Investment Partners Inc. lifted its holdings 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 purchasing an additional 585 shares during the last quarter. Strs Ohio bought a new stake in Hamilton Insurance Group during the first quarter worth approximately $112,000. Finally, Morgan Dempsey Capital Management LLC grew its holdings in Hamilton Insurance Group by 41.8% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,729 shares of the company’s stock valued at $167,000 after purchasing an additional 2,277 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Insider Transactions at Hamilton Insurance Group

In other news, insider Keith Donald Bernhard sold 47,000 shares of Hamilton Insurance Group stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $24.37, for a total transaction of $1,145,390.00. Following the sale, the insider directly owned 53,893 shares in the company, valued at approximately $1,313,372.41. The trade was a 46.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alexander James Baker sold 18,350 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $26.19, for a total transaction of $480,586.50. Following the completion of the sale, the chief executive officer directly owned 84,136 shares in the company, valued at approximately $2,203,521.84. The trade was a 17.90% decrease in their position. The SEC filing for this sale provides additional information. 17.46% of the stock is currently owned by company insiders.

Hamilton Insurance Group Stock Performance

HG opened at $27.88 on Monday. The stock’s 50 day simple moving average is $25.07 and its 200-day simple moving average is $23.15. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.74 billion, a PE ratio of 6.64 and a beta of 0.69. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $27.88.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Tuesday, November 4th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.71 by $0.61. The firm had revenue of $667.65 million during the quarter, compared to analysts’ expectations of $537.70 million. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Ratings Changes

HG has been the subject of a number of analyst reports. JMP Securities set a $32.00 price objective on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Citigroup reissued an “outperform” rating on shares of Hamilton Insurance Group in a research report on Wednesday, November 5th. Wells Fargo & Company raised their price target on Hamilton Insurance Group from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $28.63.

Hamilton Insurance Group Profile

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.