Boston Partners Invests $1.16 Million in Hamilton Insurance Group, Ltd. (NYSE:HG)

Boston Partners bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 61,181 shares of the company’s stock, valued at approximately $1,164,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HG. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 70,732 shares during the period. Barclays PLC grew its stake in shares of 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 buying an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Hamilton Insurance Group during the 3rd quarter valued at about $525,000. Geode Capital Management LLC lifted its position in Hamilton Insurance Group by 136.5% during the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock worth $9,197,000 after acquiring an additional 274,483 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Hamilton Insurance Group by 90.0% in the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock worth $1,845,000 after acquiring an additional 46,978 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $20.78 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 4.65 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $21.48. The company’s 50-day simple moving average is $19.38 and its 200-day simple moving average is $18.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 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.

Insider Transactions at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the 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 sale, the chief executive officer now owns 199,923 shares in the company, valued at $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. One equities research 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 has an average rating of “Moderate Buy” and an average price target of $23.80.

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.