Bank of New York Mellon Corp Purchases 100,169 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Bank of New York Mellon Corp increased its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 120.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,584 shares of the company’s stock after buying an additional 100,169 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hamilton Insurance Group were worth $3,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after purchasing an additional 1,341 shares during the last quarter. Spire Wealth Management purchased a new stake in Hamilton Insurance Group in the fourth quarter worth $38,000. Bfsg LLC purchased a new stake in Hamilton Insurance Group in the fourth quarter worth $77,000. Toronto Dominion Bank purchased a new stake in Hamilton Insurance Group in the third quarter worth $97,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Hamilton Insurance Group in the third quarter worth $197,000. Institutional investors own 29.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HG. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $23.80.

Hamilton Insurance Group Stock Up 1.4 %

HG stock opened at $21.02 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50-day moving average is $19.30 and its two-hundred day moving average is $18.86. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 4.70 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $21.05.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The company had revenue of $543.94 million during the quarter, compared to analysts’ expectations of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. As a group, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Buying and Selling

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the transaction, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

Hamilton Insurance Group Company 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.