Teacher Retirement System of Texas Invests $1.50 Million in Hamilton Insurance Group, Ltd. (NYSE:HG)

Teacher Retirement System of Texas bought a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HGFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,495,000. Teacher Retirement System of Texas owned about 0.09% of Hamilton Insurance Group at the end of the most recent reporting period.

Separately, Russell Investments Group Ltd. acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at $477,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HG. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.00 target price (up from $20.00) on shares of Hamilton Insurance Group in a report on Thursday. Wells Fargo & Company boosted their price objective on Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. JMP Securities raised 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 report on Thursday, May 9th. Finally, Morgan Stanley cut their price target on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of “Buy” and a consensus price target of $20.00.

View Our Latest Stock Report on Hamilton Insurance Group

Hamilton Insurance Group Trading Up 1.1 %

Shares of NYSE HG opened at $16.82 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.83 and a quick ratio of 0.83. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $16.97. The business’s 50-day simple moving average is $13.99. The firm has a market cap of $1.85 billion and a price-to-earnings ratio of 5.11.

Hamilton Insurance Group (NYSE:HGGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.58. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. The firm had revenue of $495.16 million for the quarter, compared to the consensus estimate of $412.55 million. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.43 EPS for the current year.

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.

Further Reading

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Institutional Ownership by Quarter for Hamilton Insurance Group (NYSE:HG)

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