1 week Ago By Defense World Staff
Corebridge Financial Inc. trimmed its position in Hamilton Insurance Group, Ltd. (NYSE:HG – Free Report) by 7.
0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,681 shares of the company’s stock after selling 1,486 shares during the quarter. Corebridge Financial Inc.
’s holdings in Hamilton Insurance Group were worth $375,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Hamilton Insurance Group by 198.
2% in the third quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock valued at $71,859,000 after acquiring an additional 2,469,422 shares in the last quarter. JPMorgan Chase & Co.
raised its holdings in shares of Hamilton Insurance Group by 538.4% in the 3rd quarter. JPMorgan Chase & Co.
now owns 862,314 shares of the company’s stock valued at $16,677,000 after purchasing an additional 727,242 shares in the last quarter. Private Management Group Inc. purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $10,511,000.
State Street Corp boosted its stake in shares of Hamilton Insurance Group by 133.3% during the third quarter. State Street Corp now owns 532,632 shares of the company’s stock valued at $10,301,000 after purchasing an additional 304,371 shares in the last quarter.
Finally, Geode Capital Management LLC increased its holdings in Hamilton Insurance Group by 136.5% during the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after buying an additional 274,483 shares during the period.
Institutional investors own 29.17% of the company’s stock. Hamilton Insurance Group Stock Up 3.
6 %Shares of NYSE HG opened at $18.64 on Thursday. The company has a current ratio of 0.
77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.
The company has a 50-day moving average of $19.66 and a 200 day moving average of $19.04.
Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $21.
68. The stock has a market cap of $1.89 billion, a PE ratio of 4.
17 and a beta of 0.47. Hamilton Insurance Group (NYSE:HG – Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th.
The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.
44). The company had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.
17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.
92%. As a group, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.
1 EPS for the current fiscal year. Wall Street Analyst Weigh InSeveral analysts have issued reports on the company. Wells Fargo & Company increased their target price on Hamilton Insurance Group from $21.
00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $23.
00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. JMP Securities set a $27.
00 price target on shares of Hamilton Insurance Group in a report on Friday, February 28th. Finally, Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th.
One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.80.
Read Our Latest Analysis on Hamilton Insurance GroupInsider Transactions at Hamilton Insurance GroupIn other news, CEO Adrian Joseph Daws sold 3,785 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.
00. Following the completion of the transaction, the chief executive officer now directly owns 199,923 shares in the company, valued at $4,198,383. This trade represents a 1.
86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 15,000 shares of company stock worth $311,566 in the last quarter.
Company insiders own 2.70% of the company’s stock. Hamilton Insurance Group Company Profile (Free Report)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.
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