US Bancorp DE Buys Shares of 5,513 Hamilton Insurance Group, Ltd. (NYSE:HG)

US Bancorp DE purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,513 shares of the company’s stock, valued at approximately $107,000.

A number of other large investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Hamilton Insurance Group during the 2nd quarter worth approximately $34,000. Financial Management Professionals Inc. purchased a new stake in Hamilton Insurance Group in the 3rd quarter worth $34,000. American International Group Inc. purchased a new position in Hamilton Insurance Group during the first quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hamilton Insurance Group in the second quarter valued at about $156,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Hamilton Insurance Group during the second quarter worth about $213,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. JMP Securities increased their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Morgan Stanley cut shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price on the stock. in a research note on Monday, August 19th. Finally, Wells Fargo & Company increased their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.43.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $18.15 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.77. The stock’s fifty day moving average is $18.33 and its two-hundred day moving average is $17.41. The firm has a market capitalization of $1.85 billion and a P/E ratio of 4.06. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $20.71.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $512.84 million for the quarter, compared to analysts’ expectations of $515.96 million. During the same quarter in the previous year, the company posted $0.41 EPS. On average, research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current 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.