56,250 Shares in Hamilton Insurance Group, Ltd. $HG Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 56,250 shares of the company’s stock, valued at approximately $1,909,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of Hamilton Insurance Group as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of Hamilton Insurance Group by 39.4% during the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock worth $196,094,000 after buying an additional 1,633,397 shares during the last quarter. Nuveen LLC boosted its holdings in Hamilton Insurance Group by 3.5% in the fourth quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after acquiring an additional 74,194 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Hamilton Insurance Group by 3,215.6% in the second quarter. California State Teachers Retirement System now owns 1,980,467 shares of the company’s stock valued at $67,217,000 after acquiring an additional 1,920,735 shares during the last quarter. Donald Smith & CO. Inc. grew its position in Hamilton Insurance Group by 71.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after acquiring an additional 646,106 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Hamilton Insurance Group by 10.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after acquiring an additional 140,474 shares during the period. 29.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director David Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the sale, the director directly owned 400,000 shares of the company’s stock, valued at approximately $14,448,000. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.02% of the company’s stock.

Hamilton Insurance Group Price Performance

HG opened at $34.83 on Friday. The company has a fifty day simple moving average of $35.14 and a 200 day simple moving average of $32.42. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 6.07 and a beta of 0.31. Hamilton Insurance Group, Ltd. has a twelve month low of $22.66 and a twelve month high of $37.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. The firm had revenue of $839.58 million for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. Equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HG shares. Barclays raised their price objective on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. UBS Group set a $33.00 price target on shares of Hamilton Insurance Group in a report on Thursday, May 21st. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Citizens Jmp lifted their price target on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Finally, Morgan Stanley increased their price objective on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.12.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company’s offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.