Joel Isaacson & Co. LLC Purchases New Holdings in Hamilton Insurance Group, Ltd. $HG

Joel Isaacson & Co. LLC purchased a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 12,483 shares of the company’s stock, valued at approximately $270,000.

A number of other large investors also recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in Hamilton Insurance Group by 26.1% during the 1st quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company’s stock valued at $96,570,000 after acquiring an additional 963,021 shares during the period. Nuveen LLC purchased a new position in Hamilton Insurance Group during the 1st quarter valued at about $50,838,000. Private Management Group Inc. lifted its position in Hamilton Insurance Group by 60.4% during the 1st quarter. Private Management Group Inc. now owns 885,996 shares of the company’s stock valued at $18,367,000 after acquiring an additional 333,671 shares during the period. Bridgeway Capital Management LLC lifted its position in Hamilton Insurance Group by 398.9% during the 1st quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company’s stock valued at $12,060,000 after acquiring an additional 465,152 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock valued at $9,766,000 after purchasing an additional 346,998 shares in the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG opened at $24.69 on Wednesday. The firm’s 50-day moving average price is $23.66 and its 200-day moving average price is $21.54. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.47 billion, a PE ratio of 6.82 and a beta of 0.82. Hamilton Insurance Group, Ltd. has a 52-week low of $16.80 and a 52-week high of $25.37.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.54. The firm had revenue of $712.03 million for the quarter, compared to the consensus estimate of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. As a group, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HG shares. JMP Securities raised their price objective on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Saturday, September 27th. Wells Fargo & Company raised their price objective on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $25.71.

Insider Buying and Selling

In related news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $24.00, for a total value of $455,712.00. Following the transaction, the insider owned 64,512 shares of the company’s stock, valued at approximately $1,548,288. This trade represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander James Baker sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total transaction of $142,740.00. Following the completion of the transaction, the insider directly owned 116,338 shares in the company, valued at approximately $2,767,681.02. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,988 shares of company stock valued at $1,743,842. 17.46% of the stock is owned by 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.