Entropy Technologies LP Takes $286,000 Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Entropy Technologies LP acquired a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,790 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank bought a new position in shares of Hamilton Insurance Group during the 1st quarter worth about $462,000. Sei Investments Co. raised its holdings in Hamilton Insurance Group by 25.3% in the 1st quarter. Sei Investments Co. now owns 204,185 shares of the company’s stock valued at $2,844,000 after acquiring an additional 41,256 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hamilton Insurance Group in the 1st quarter worth approximately $3,831,000. American Century Companies Inc. grew its holdings in shares of Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after purchasing an additional 313,417 shares in the last quarter. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of Hamilton Insurance Group during the second quarter valued at approximately $486,000. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Down 0.1 %

HG stock opened at $18.15 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.81. The stock has a market capitalization of $1.85 billion and a price-to-earnings ratio of 4.06. The business has a fifty day moving average price of $18.33 and a 200 day moving average price of $17.41. 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 released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $512.84 million during the quarter, compared to analysts’ expectations of $515.96 million. During the same period in the previous year, the business posted $0.41 earnings per share. Analysts expect that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HG has been the topic of a number of recent research reports. Barclays started coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock. in a research note on Monday, August 19th. JMP Securities raised their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 8th. Finally, Keefe, Bruyette & Woods increased their price objective 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

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.