Wellington Management Group LLP boosted its stake in Hamilton Insurance Group, Ltd. (NYSE:HG – Free Report) by 39.4% in the second quarter, Holdings Channel reports. The fund owned 5,777,654 shares of the company’s stock after buying an additional 1,633,397 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of Hamilton Insurance Group worth $196,094,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of HG. Donald Smith & CO. Inc. lifted its position in shares of Hamilton Insurance Group by 71.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock worth $43,325,000 after purchasing an additional 646,106 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hamilton Insurance Group by 10.4% in the first 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 period. Sei Investments Co. grew its holdings in Hamilton Insurance Group by 72.9% during 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 acquired a new stake in Hamilton Insurance Group during the 1st quarter valued at $3,229,000. Finally, Lazard Asset Management LLC increased its stake in Hamilton Insurance Group by 9.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock worth $31,309,000 after buying an additional 90,655 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.
Hamilton Insurance Group Stock Down 0.4%
Shares of NYSE:HG opened at $35.21 on Tuesday. The firm has a market cap of $3.47 billion, a PE ratio of 6.13 and a beta of 0.33. The company has a fifty day simple moving average of $34.84 and a 200 day simple moving average of $32.15. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group, Ltd. has a 12-month low of $22.66 and a 12-month high of $37.31.
Wall Street Analyst Weigh In
A number of brokerages have commented on HG. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research note on Wednesday, August 12th. Morgan Stanley lifted their target price on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. UBS Group set a $33.00 price target on Hamilton Insurance Group in a research note on Thursday, May 21st. Finally, Citizens Jmp increased their price target on Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.12.
Read Our Latest Research Report on HG
Hamilton Insurance Group Company 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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