Great Lakes Advisors LLC Takes Position in Hamilton Insurance Group, Ltd. $HG

Great Lakes Advisors LLC acquired a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 58,628 shares of the company’s stock, valued at approximately $1,990,000. Great Lakes Advisors LLC owned 0.06% of Hamilton Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at approximately $25,000. KBC Group NV acquired a new position in shares of Hamilton Insurance Group during the first quarter worth approximately $65,000. Royal Bank of Canada lifted 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 worth $84,000 after buying an additional 410 shares during the last quarter. Strs Ohio bought a new stake in shares of Hamilton Insurance Group in the first quarter valued at approximately $112,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Hamilton Insurance Group by 24.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after acquiring an additional 1,101 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $34.90 on Friday. Hamilton Insurance Group, Ltd. has a twelve month low of $22.66 and a twelve month high of $37.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.44 billion, a P/E ratio of 6.08 and a beta of 0.33. The company’s 50-day simple moving average is $34.42 and its 200 day simple moving average is $31.87.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The firm had revenue of $839.58 million during the quarter. As a group, research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HG shares. Barclays boosted 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 report on Tuesday, July 7th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Citigroup reiterated a “neutral” rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Wells Fargo & Company lifted their price objective on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Citizens Jmp boosted their price objective on Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.12.

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.