Public Employees Retirement System of Ohio Acquires Shares of 52,272 Hamilton Insurance Group, Ltd. $HG

Public Employees Retirement System of Ohio acquired a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 52,272 shares of the company’s stock, valued at approximately $1,559,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HG. Kestra Advisory Services LLC acquired a new stake in Hamilton Insurance Group during the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. lifted its stake in Hamilton Insurance Group by 112.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after buying an additional 937 shares during the last quarter. KBC Group NV bought a new stake in Hamilton Insurance Group in the 1st quarter valued at about $65,000. Royal Bank of Canada raised its holdings in shares of Hamilton Insurance Group by 15.8% during the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after buying an additional 410 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Hamilton Insurance Group by 20.0% during the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after acquiring an additional 735 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

NYSE HG opened at $35.92 on Monday. The company has a market cap of $3.57 billion, a P/E ratio of 5.88 and a beta of 0.33. The company has a fifty day simple moving average of $32.98 and a 200 day simple moving average of $31.03. Hamilton Insurance Group, Ltd. has a 1 year low of $21.00 and a 1 year 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 0.06.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. The business had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. On average, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.12 EPS for the current year.

Insider Transactions at Hamilton Insurance Group

In other news, Director David A. Brown sold 37,300 shares of the business’s stock in a transaction that occurred on 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 directly owned 450,000 shares in the company, valued at approximately $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $185,955.75. Following the completion of the sale, the treasurer directly owned 39,629 shares in the company, valued at $1,213,043.69. This trade represents a 13.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 70,105 shares of company stock worth $2,220,158. 3.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HG has been the topic of a number of recent analyst reports. 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. Citizens Jmp upped their target price on Hamilton Insurance Group from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, July 10th. Morgan Stanley upped their price target on shares of Hamilton Insurance Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Weiss Ratings upgraded Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. Finally, UBS Group set a $33.00 target price on shares of Hamilton Insurance Group in a research note on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Hamilton Insurance Group Company 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.