Allianz Asset Management GmbH Takes Position in Hamilton Insurance Group, Ltd. $HG

Allianz Asset Management GmbH purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 34,945 shares of the company's stock, valued at approximately $1,186,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HG. Donald Smith & CO. Inc. boosted its stake in Hamilton Insurance Group by 71.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company's stock worth $43,325,000 after acquiring an additional 646,106 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Hamilton Insurance Group by 10.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company's stock valued at $44,659,000 after purchasing an additional 140,474 shares in the last quarter. Sei Investments Co. increased its stake in Hamilton Insurance Group by 72.9% in the first quarter. Sei Investments Co. now owns 380,717 shares of the company's stock valued at $11,357,000 after purchasing an additional 160,575 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Hamilton Insurance Group in the first quarter worth $3,229,000. Finally, Lazard Asset Management LLC raised its holdings in Hamilton Insurance Group by 9.5% in the first quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company's stock worth $31,309,000 after purchasing an additional 90,655 shares during the period. 29.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th. Morgan Stanley raised their price objective on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Citigroup reaffirmed a "neutral" rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $36.12.

Insider Buying and Selling

In related news, Director David Brown sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the completion of the transaction, the director directly owned 400,000 shares of the company's stock, valued at approximately $14,448,000. This represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.02% of the company's stock.

Hamilton Insurance Group Price Performance

NYSE HG opened at $34.32 on Thursday. The firm's 50 day moving average is $35.13 and its 200-day moving average is $32.37. 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 company has a market capitalization of $3.38 billion, a PE ratio of 5.98 and a beta of 0.31. Hamilton Insurance Group, Ltd. has a 12-month low of $22.66 and a 12-month high of $37.31.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The business had revenue of $839.58 million during the quarter. Equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.89 earnings per share for the current fiscal year.

About Hamilton Insurance Group

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.

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