Hamilton Insurance Group, Ltd. $HG Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 36.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,650 shares of the company’s stock after acquiring an additional 20,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.08% of Hamilton Insurance Group worth $2,533,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Kendall Capital Management boosted its holdings in shares of Hamilton Insurance Group by 1.2% during the 3rd quarter. Kendall Capital Management now owns 40,944 shares of the company’s stock valued at $1,353,000 after purchasing an additional 475 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Hamilton Insurance Group by 83.2% in the third quarter. Nisa Investment Advisors LLC now owns 8,871 shares of the company’s stock worth $293,000 after purchasing an additional 4,029 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Hamilton Insurance Group in the second quarter worth about $34,000. Squarepoint Ops LLC lifted its position in shares of Hamilton Insurance Group by 32.1% in the second quarter. Squarepoint Ops LLC now owns 47,685 shares of the company’s stock worth $1,618,000 after buying an additional 11,590 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Hamilton Insurance Group by 45.8% in the second quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock worth $48,000 after buying an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. Morgan Stanley reduced their price objective on Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a)” rating in a report on Wednesday, October 21st. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.38.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock opened at $36.37 on Wednesday. The company’s 50-day moving average price is $34.93 and its 200-day moving average price is $32.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.59 billion, a PE ratio of 5.47 and a beta of 0.33. Hamilton Insurance Group, Ltd. has a twelve month low of $22.66 and a twelve month high of $37.31.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.87. The firm had revenue of $828.04 million during the quarter, compared to the consensus estimate of $693.46 million. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 24.05%. On average, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.90 EPS for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, Director David Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the sale, the director directly owned 400,000 shares of the company’s stock, valued at $14,448,000. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy Duffin sold 28,500 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total value of $984,105.00. Following the sale, the insider owned 223,459 shares in the company, valued at approximately $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.02% of the company’s stock.

Hamilton Insurance Group Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.