Hamilton Insurance Group, Ltd. $HG Stake Lessened by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lowered its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,822 shares of the company’s stock after selling 1,382 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.09% of Hamilton Insurance Group worth $1,964,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Amalgamated Bank raised its holdings in shares of Hamilton Insurance Group by 92.2% during the first quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock worth $30,000 after acquiring an additional 685 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of Hamilton Insurance Group during the first quarter worth $267,000. Victory Capital Management Inc. raised its holdings in shares of Hamilton Insurance Group by 279.5% during the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock worth $9,766,000 after acquiring an additional 346,998 shares in the last quarter. Swiss National Bank raised its holdings in shares of Hamilton Insurance Group by 60.4% during the first quarter. Swiss National Bank now owns 87,100 shares of the company’s stock worth $1,806,000 after acquiring an additional 32,800 shares in the last quarter. Finally, Informed Momentum Co LLC purchased a new stake in shares of Hamilton Insurance Group during the first quarter worth $3,143,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HG shares. Citigroup started coverage on Hamilton Insurance Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $25.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Saturday, September 27th. Barclays increased their target price on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.43.

Insider Activity

In other news, insider Keith Donald Bernhard sold 47,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $24.37, for a total value of $1,145,390.00. Following the sale, the insider directly owned 53,893 shares of the company’s stock, valued at approximately $1,313,372.41. This trade represents a 46.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander James Baker sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the completion of the sale, the insider directly owned 116,338 shares in the company, valued at approximately $2,767,681.02. This represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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 Trading Up 1.5%

Shares of NYSE:HG opened at $24.94 on Tuesday. The company has a market cap of $2.50 billion, a P/E ratio of 6.89 and a beta of 0.82. The stock’s 50-day moving average is $23.60 and its 200-day moving average is $21.51. Hamilton Insurance Group, Ltd. has a 52-week low of $16.80 and a 52-week high of $25.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 0.69.

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