Thurston Springer Miller Herd & Titak Inc. Purchases Shares of 2,061 Hamilton Insurance Group, Ltd. (NYSE:HG)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the second quarter, Holdings Channel.com reports. The firm purchased 2,061 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds have also added to or reduced their stakes in HG. Newbridge Financial Services Group Inc. purchased a new position in shares of Hamilton Insurance Group in the 4th quarter worth approximately $25,000. American International Group Inc. purchased a new position in shares of Hamilton Insurance Group in the 1st quarter worth approximately $115,000. Fifth Lane Capital LP purchased a new position in shares of Hamilton Insurance Group in the 1st quarter worth approximately $151,000. Oxford Asset Management LLP purchased a new position in shares of Hamilton Insurance Group in the 4th quarter worth approximately $199,000. Finally, Capstone Investment Advisors LLC boosted its stake in shares of Hamilton Insurance Group by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 169,180 shares of the company’s stock worth $2,357,000 after buying an additional 13,969 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.00 target price (up previously from $20.00) on shares of Hamilton Insurance Group in a report on Thursday, May 16th. JMP Securities upped their target price on shares of Hamilton Insurance Group from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 9th. Morgan Stanley cut their target price on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company upped their target price on shares of Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $20.00.

Insider Activity at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 22,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $16.70, for a total transaction of $367,400.00. Following the sale, the chief accounting officer now owns 18,957 shares of the company’s stock, valued at $316,581.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Brian John Deegan sold 22,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $16.70, for a total transaction of $367,400.00. Following the sale, the chief accounting officer now owns 18,957 shares of the company’s stock, valued at $316,581.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Neil Patterson acquired 21,135 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average cost of $16.66 per share, for a total transaction of $352,109.10. Following the purchase, the director now directly owns 21,135 shares of the company’s stock, valued at $352,109.10. The disclosure for this purchase can be found here. 2.70% of the stock is owned by corporate insiders.

Hamilton Insurance Group Trading Down 0.9 %

Shares of HG stock traded down $0.14 during mid-day trading on Tuesday, reaching $15.47. The stock had a trading volume of 382,475 shares, compared to its average volume of 324,935. The stock’s 50-day moving average price is $16.57 and its two-hundred day moving average price is $15.17. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $18.07. The firm has a market capitalization of $1.72 billion and a PE ratio of 4.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.30. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. The company had revenue of $658.65 million for the quarter, compared to analysts’ expectations of $464.96 million. Equities analysts expect that Hamilton Insurance Group, Ltd. will post 3.92 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.