Great Lakes Advisors LLC acquired a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,628 shares of the company’s stock, valued at approximately $1,990,000.
Other hedge funds also recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $25,000. KBC Group NV bought a new stake in Hamilton Insurance Group during the 1st quarter worth approximately $65,000. Royal Bank of Canada grew its position in Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after acquiring an additional 410 shares during the last quarter. Strs Ohio bought a new stake in Hamilton Insurance Group during the 1st quarter worth approximately $112,000. Finally, Tower Research Capital LLC TRC increased its holdings in Hamilton Insurance Group by 24.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after purchasing an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.
Hamilton Insurance Group Stock Performance
HG stock opened at $34.90 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day moving average price of $34.42 and a 200 day moving average price of $31.87. Hamilton Insurance Group, Ltd. has a fifty-two week low of $22.66 and a fifty-two week high of $37.31. The stock has a market capitalization of $3.44 billion, a PE ratio of 6.08 and a beta of 0.33.
Analyst Ratings Changes
Several brokerages have issued reports on HG. Morgan Stanley lifted their price objective on Hamilton Insurance Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday. Citizens Jmp increased their target price on Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods lifted their price target on Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, UBS Group set a $33.00 price target on shares of Hamilton Insurance Group in a research report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.12.
Get Our Latest Stock Report on Hamilton Insurance Group
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.
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