Rhumbline Advisers Raises Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Rhumbline Advisers raised its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,207 shares of the company’s stock after acquiring an additional 3,699 shares during the quarter. Rhumbline Advisers’ holdings in Hamilton Insurance Group were worth $1,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HG. Quarry LP boosted its position in Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after buying an additional 1,341 shares during the period. Spire Wealth Management purchased a new position in Hamilton Insurance Group in the 4th quarter valued at approximately $38,000. Toronto Dominion Bank purchased a new position in Hamilton Insurance Group in the 3rd quarter valued at approximately $97,000. US Bancorp DE purchased a new position in Hamilton Insurance Group in the 3rd quarter valued at approximately $107,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Hamilton Insurance Group in the 3rd quarter valued at approximately $197,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HG shares. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $22.80.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $20.91 on Thursday. The stock has a market cap of $2.12 billion, a P/E ratio of 4.68 and a beta of 1.02. The company has a fifty day simple moving average of $18.94 and a 200-day simple moving average of $18.77. Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $20.96. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share 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 analysts’ expectations of $460.17 million. Equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

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.