New Vernon Investment Management LLC Has $1.91 Million Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

New Vernon Investment Management LLC raised its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 603.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,522 shares of the company’s stock after acquiring an additional 84,522 shares during the period. Hamilton Insurance Group comprises approximately 2.1% of New Vernon Investment Management LLC’s holdings, making the stock its 16th largest holding. New Vernon Investment Management LLC owned 0.10% of Hamilton Insurance Group worth $1,905,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in Hamilton Insurance Group in the 3rd quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Hamilton Insurance Group in the 2nd quarter valued at approximately $34,000. US Bancorp DE bought a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $107,000. Martingale Asset Management L P grew its stake in shares of Hamilton Insurance Group by 8.9% in the 3rd quarter. Martingale Asset Management L P now owns 78,675 shares of the company’s stock valued at $1,522,000 after purchasing an additional 6,458 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Hamilton Insurance Group by 52.0% in the 2nd quarter. Rhumbline Advisers now owns 25,068 shares of the company’s stock valued at $417,000 after purchasing an additional 8,572 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JMP Securities upped their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Barclays assumed coverage on Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price objective on the stock. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock. in a research note on Monday, August 19th. Finally, Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.43.

Hamilton Insurance Group Price Performance

NYSE HG traded down $0.04 during trading hours on Tuesday, reaching $18.93. 57,830 shares of the company’s stock were exchanged, compared to its average volume of 427,589. The stock has a market cap of $1.92 billion and a PE ratio of 4.24. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $18.43 and a 200-day moving average of $17.73. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $20.71.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Insider Activity

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the transaction, the chief accounting officer now owns 20,824 shares in the company, valued at approximately $399,404.32. This represents a 45.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

Hamilton Insurance Group Company 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.