Entropy Technologies LP Acquires New Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Entropy Technologies LP bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the third quarter, Holdings Channel reports. The firm bought 14,790 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors have also recently bought and sold shares of the business. Swiss National Bank bought a new position in Hamilton Insurance Group during the first quarter worth about $462,000. Sei Investments Co. grew its holdings in Hamilton Insurance Group by 25.3% during the first quarter. Sei Investments Co. now owns 204,185 shares of the company’s stock valued at $2,844,000 after purchasing an additional 41,256 shares during the period. Vanguard Group Inc. bought a new stake in Hamilton Insurance Group in the first quarter valued at approximately $2,545,000. Acadian Asset Management LLC acquired a new stake in Hamilton Insurance Group in the first quarter worth $3,831,000. Finally, American International Group Inc. acquired a new stake in Hamilton Insurance Group in the first quarter worth $115,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

NYSE HG opened at $18.15 on Friday. The firm’s 50 day moving average is $18.33 and its 200-day moving average is $17.41. The company has a quick ratio of 0.81, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.85 billion and a PE ratio of 4.06. Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $20.71.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly 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 analysts’ expectations 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 in the previous year, the firm posted $0.41 EPS. Equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Hamilton Insurance Group

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.