Hamilton Insurance Group, Ltd. $HG Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 10.6% in the 1st quarter, Holdings Channel reports. The fund owned 499,266 shares of the company’s stock after buying an additional 47,952 shares during the period. First Trust Advisors LP’s holdings in Hamilton Insurance Group were worth $14,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Hamilton Insurance Group by 186.0% in the 1st quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after purchasing an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hamilton Insurance Group by 9.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock valued at $510,000 after purchasing an additional 2,071 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Hamilton Insurance Group by 9.7% during the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after purchasing an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Hamilton Insurance Group by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after purchasing an additional 20,926 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Hamilton Insurance Group by 87.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock valued at $1,777,000 after purchasing an additional 39,927 shares during the period. 29.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total transaction of $337,590.00. Following the completion of the sale, the chief accounting officer directly owned 71,347 shares in the company, valued at approximately $2,189,639.43. This trade represents a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Brown sold 37,300 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the sale, the director owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,105 shares of company stock worth $2,220,158 in the last quarter. Company insiders own 3.02% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $35.64 on Friday. The business’s 50 day moving average price is $32.90 and its 200 day moving average price is $30.97. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 5.83 and a beta of 0.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. Hamilton Insurance Group, Ltd. has a one year low of $21.00 and a one year high of $37.31.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The company had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.12 EPS for the current year.

Wall Street Analysts Forecast Growth

HG has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Hamilton Insurance Group from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Wells Fargo & Company increased their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $35.38.

Hamilton Insurance Group Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.