Knights of Columbus Asset Advisors LLC Boosts Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 41.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,977 shares of the company’s stock after acquiring an additional 33,573 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.11% of Hamilton Insurance Group worth $2,169,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted 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 worth $71,859,000 after buying an additional 2,469,422 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Hamilton Insurance Group by 538.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company’s stock worth $16,677,000 after buying an additional 727,242 shares during the period. Private Management Group Inc. purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth $10,511,000. State Street Corp lifted its holdings in shares of Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company’s stock worth $10,301,000 after buying an additional 304,371 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Hamilton Insurance Group in the 3rd quarter worth $9,419,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Down 1.9 %

Shares of NYSE:HG opened at $20.78 on Friday. The business’s 50-day moving average is $19.38 and its 200 day moving average is $18.88. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $21.48. The firm has a market capitalization of $2.11 billion, a P/E ratio of 4.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG) last announced its 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). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

HG has been the subject of several recent research reports. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Finally, 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 report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.80.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was 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 approximately $4,198,383. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by insiders.

Hamilton Insurance Group Company 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.