Lazard Asset Management LLC Has $15.44 Million Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Lazard Asset Management LLC raised its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 19.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 811,166 shares of the company’s stock after buying an additional 133,646 shares during the quarter. Lazard Asset Management LLC’s holdings in Hamilton Insurance Group were worth $15,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of Hamilton Insurance Group by 845.0% in the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after purchasing an additional 51,561 shares in the last quarter. Franklin Resources Inc. boosted its position in Hamilton Insurance Group by 90.0% in the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after buying an additional 46,978 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth $449,000. Spire Wealth Management bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth $38,000. Finally, Private Management Group Inc. acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth $10,511,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on HG. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company cut their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.60.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the sale, the chief executive officer now directly owns 199,923 shares of the company’s stock, valued at approximately $4,198,383. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 15,000 shares of company stock valued at $311,566. Corporate insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Stock Up 0.9%

Hamilton Insurance Group stock opened at $20.66 on Wednesday. The firm has a 50 day moving average price of $19.58 and a two-hundred day moving average price of $19.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. Hamilton Insurance Group, Ltd. has a 52-week low of $15.19 and a 52-week high of $21.68. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 4.62 and a beta of 0.61.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $843.31 million for the quarter, compared to analysts’ expectations of $498.00 million. Equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS 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.