SG Americas Securities LLC Purchases Shares of 335,152 Hamilton Insurance Group, Ltd. $HG

SG Americas Securities LLC acquired a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 335,152 shares of the company’s stock, valued at approximately $9,351,000.

Several other large investors have also modified their holdings of the stock. Chesapeake Asset Management LLC grew its holdings in 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 purchasing an additional 1,000 shares during the period. Versant Capital Management Inc increased its position in Hamilton Insurance Group by 1,404.4% during the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock worth $42,000 after purchasing an additional 1,587 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Hamilton Insurance Group during the third quarter worth approximately $71,000. Ameritas Investment Partners Inc. raised its stake in Hamilton Insurance Group by 14.6% during the second 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 period. Finally, Strs Ohio acquired a new position in shares of Hamilton Insurance Group in the 1st quarter valued at $112,000. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Price Performance

Shares of NYSE HG opened at $28.65 on Monday. Hamilton Insurance Group, Ltd. has a 1-year low of $16.80 and a 1-year high of $32.21. The business has a 50-day moving average of $29.24 and a 200-day moving average of $27.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 5.14 and a beta of 0.56.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Thursday, February 19th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.69 by $0.96. The business had revenue of $728.33 million for the quarter, compared to the consensus estimate of $621.00 million. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. On average, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Hamilton Insurance Group Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on HG. Wall Street Zen raised shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Citizens Jmp increased their target price on Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, February 20th. Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Barclays reissued an “overweight” rating and set a $35.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 20th. Finally, Citigroup raised their price objective on Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a report 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.