13,946 Shares in Hamilton Insurance Group, Ltd. (NYSE:HG) Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,946 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after purchasing an additional 313,417 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Hamilton Insurance Group by 80.3% in the second quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock worth $8,265,000 after acquiring an additional 221,372 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Hamilton Insurance Group during the 2nd quarter worth about $6,454,000. Renaissance Technologies LLC boosted its position in shares of Hamilton Insurance Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 357,800 shares of the company’s stock worth $5,957,000 after acquiring an additional 103,426 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Hamilton Insurance Group by 22.8% in the 2nd quarter. Sei Investments Co. now owns 250,725 shares of the company’s stock valued at $4,175,000 after acquiring an additional 46,540 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HG shares. Wells Fargo & Company increased their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley downgraded shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective for the company. in a research report on Monday, August 19th. Finally, Barclays assumed 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 objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $22.60.

Hamilton Insurance Group Price Performance

Shares of NYSE HG opened at $18.51 on Tuesday. 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 company’s 50-day moving average price is $18.41 and its 200 day moving average price is $17.88. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The stock has a market cap of $1.88 billion and a price-to-earnings ratio of 4.19.

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

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.