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Other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock valued at $29,000 after purchasing an additional 1,133 shares during the period. Spire Wealth Management bought a new position in Hamilton Insurance Group in the 4th quarter valued at $38,000. Bfsg LLC bought a new position in Hamilton Insurance Group in the 4th quarter valued at $77,000. Morgan Dempsey Capital Management LLC bought a new position in Hamilton Insurance Group in the 4th quarter valued at $147,000. Finally, Bellecapital International Ltd. bought a new position in Hamilton Insurance Group in the 4th quarter valued at $193,000. Institutional investors own 29.17% of the company’s stock.
Hamilton Insurance Group Stock Performance
Shares of NYSE HG opened at $20.86 on Friday. The firm has a fifty day moving average price of $19.57 and a 200-day moving average price of $19.09. 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 $2.12 billion, a PE ratio of 4.67 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 1 year low of $15.19 and a 1 year high of $21.68.
Hamilton Insurance Group (NYSE:HG – Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.43. The firm had revenue of $843.31 million during the quarter, compared to analysts’ expectations of $498.00 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. Equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
HG has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.60.
Read Our Latest Research Report on HG
Insiders Place Their Bets
In related news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total transaction of $79,485.00. Following the completion of the sale, the chief executive officer now owns 199,923 shares in the company, valued at $4,198,383. This trade represents a 1.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 15,000 shares of company stock valued at $311,566 in the last three months. Corporate insiders own 17.46% of the company’s stock.
Hamilton Insurance Group Company Profile
(Free Report)
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.
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