Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,136 shares of the company’s stock after purchasing an additional 17,342 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hamilton Insurance Group were worth $2,438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Quarry LP grew its stake in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Spire Wealth Management bought a new stake in Hamilton Insurance Group during the fourth quarter worth approximately $38,000. Bfsg LLC acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at approximately $77,000. Toronto Dominion Bank bought a new position in Hamilton Insurance Group during the third quarter valued at about $97,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at about $147,000. Institutional investors own 29.17% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the sale, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. This represents a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is owned by corporate insiders.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $21.32 on Friday. The firm has a market capitalization of $2.16 billion, a PE ratio of 4.77 and a beta of 0.92. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.68. The stock’s 50-day simple moving average is $19.64 and its 200 day simple moving average is $18.96.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. On average, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hamilton Insurance Group 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.