Lazard Asset Management LLC lifted its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG – Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,049,590 shares of the company’s stock after buying an additional 90,655 shares during the period. Lazard Asset Management LLC’s holdings in Hamilton Insurance Group were worth $31,309,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock valued at $131,378,000 after acquiring an additional 737,084 shares during the period. Nuveen LLC raised its stake in Hamilton Insurance Group by 3.5% during the 4th quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after acquiring an additional 74,194 shares during the last quarter. Donald Smith & CO. Inc. lifted its position 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 during the period. Arrowstreet Capital Limited Partnership grew 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hamilton Insurance Group by 32.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock valued at $40,312,000 after purchasing an additional 332,405 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on HG shares. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. UBS Group set a $33.00 price target on Hamilton Insurance Group in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley upped their price objective on shares of Hamilton Insurance Group from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.38.
Insider Buying and Selling
In other Hamilton Insurance Group news, Treasurer Jonathan B. Levenson sold 6,075 shares of the stock in a transaction on 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 owned 39,629 shares in the company, valued at approximately $1,213,043.69. This represents a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Brown sold 37,300 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the transaction, the director owned 450,000 shares of the company’s stock, valued at $14,472,000. The trade was a 7.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 70,105 shares of company stock valued at $2,220,158 over the last quarter. Company insiders own 3.02% of the company’s stock.
Hamilton Insurance Group Price Performance
Shares of HG opened at $37.17 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $32.74 and its two-hundred day moving average is $30.83. Hamilton Insurance Group, Ltd. has a twelve month low of $21.00 and a twelve month high of $37.31. The firm has a market capitalization of $3.69 billion, a PE ratio of 6.08 and a beta of 0.35.
Hamilton Insurance Group (NYSE:HG – Get Free Report) last issued its earnings results 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. The business had revenue of $758.91 million during the quarter, compared to the consensus estimate of $933.90 million. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.12 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.
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