Hsbc Holdings PLC Invests $244,000 in Hamilton Insurance Group, Ltd. (NYSE:HG)

Hsbc Holdings PLC acquired a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,790 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its position in Hamilton Insurance Group by 6.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,525 shares of the company’s stock valued at $467,000 after purchasing an additional 1,586 shares during the period. Canada Pension Plan Investment Board grew its position in Hamilton Insurance Group by 105.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 150,200 shares of the company’s stock valued at $2,858,000 after acquiring an additional 77,200 shares in the last quarter. XTX Topco Ltd increased its stake in Hamilton Insurance Group by 47.1% during the fourth quarter. XTX Topco Ltd now owns 18,082 shares of the company’s stock worth $344,000 after purchasing an additional 5,792 shares during the period. Mariner LLC acquired a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $571,000. Finally, Barclays PLC grew its holdings in shares of Hamilton Insurance Group by 13.4% in the fourth quarter. Barclays PLC now owns 65,367 shares of the company’s stock valued at $1,244,000 after purchasing an additional 7,704 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on HG shares. Wells Fargo & Company decreased their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a report on Friday, February 28th. Keefe, Bruyette & Woods upped their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Finally, Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.60.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $20.71 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of 4.63 and a beta of 0.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The business’s fifty day moving average price is $19.59 and its 200 day moving average price is $19.02. Hamilton Insurance Group, Ltd. has a 12 month low of $15.19 and a 12 month high of $21.68.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $843.31 million during the quarter, compared to analysts’ expectations of $498.00 million. On average, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the firm’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 transaction, the chief executive officer now owns 199,923 shares of the company’s stock, valued at $4,198,383. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 over the last quarter. Company insiders own 17.46% of the company’s stock.

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.