XTX Topco Ltd Invests $238,000 in Hamilton Insurance Group, Ltd. (NYSE:HG)

XTX Topco Ltd bought a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,290 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Hamilton Insurance Group by 198.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock valued at $71,859,000 after purchasing an additional 2,469,422 shares during the last quarter. American Century Companies Inc. boosted its holdings in Hamilton Insurance Group by 17.7% in the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after acquiring an additional 313,417 shares during the last quarter. State Street Corp grew its position in Hamilton Insurance Group by 133.3% during the third quarter. State Street Corp now owns 532,632 shares of the company’s stock valued at $10,301,000 after acquiring an additional 304,371 shares during the period. Acadian Asset Management LLC increased its stake in Hamilton Insurance Group by 80.3% during 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. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Hamilton Insurance Group in the 3rd quarter worth about $9,419,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $18.37 on Thursday. The firm has a 50-day moving average of $18.46 and a two-hundred day moving average of $17.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $1.86 billion and a P/E ratio of 4.11. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $20.71.

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

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays began coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $22.60.

Insider Buying and Selling

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 20,824 shares of the company’s stock, valued at $399,404.32. This trade represents a 45.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

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.