Private Management Group Inc. Takes $10.51 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Private Management Group Inc. purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 552,325 shares of the company’s stock, valued at approximately $10,511,000. Private Management Group Inc. owned approximately 0.54% of Hamilton Insurance Group at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HG. Charles Schwab Investment Management Inc. grew its position in shares of Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock worth $2,143,000 after buying an additional 70,732 shares during the period. Barclays PLC boosted its stake in Hamilton Insurance Group by 845.0% in the third quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after acquiring an additional 51,561 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth $525,000. Geode Capital Management LLC raised its position in shares of Hamilton Insurance Group by 136.5% during the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after acquiring an additional 274,483 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Hamilton Insurance Group by 90.0% in the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after purchasing an additional 46,978 shares during the period. Institutional investors own 29.17% of the company’s stock.

Insider Transactions at Hamilton Insurance Group

In related 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 directly owns 20,824 shares in the company, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.

Hamilton Insurance Group Stock Up 1.0 %

NYSE:HG opened at $18.70 on Thursday. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $20.71. The stock has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $18.53. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 4.18 and a beta of 1.02. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $512.84 million for the quarter, compared to the consensus estimate of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same period last year, the company posted $0.41 EPS. As a group, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HG. Barclays dropped their price objective on Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company upped their price target 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $22.20.

Hamilton Insurance Group 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.