Brandywine Global Investment Management LLC Buys New Stake in Hamilton Insurance Group, Ltd. $HG

Key Points

• Brandywine Global Investment Management LLC invested approximately $731,000 in Hamilton Insurance Group, Ltd., acquiring 35,253 shares of the company's stock.
• Other institutional investors have also shown significant interest, with Amalgamated Bank increasing its holdings by 92.2% and Victory Capital Management Inc. growing its stake by 279.5% in the first quarter.
• Hamilton Insurance Group reported earnings of $1.55 per share for the last quarter, exceeding analysts' expectations, with a revenue of $712.03 million compared to an estimate of $519.50 million.

Brandywine Global Investment Management LLC acquired a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,253 shares of the company's stock, valued at approximately $731,000.

Several other hedge funds have also made changes to their positions in HG. Sterling Capital Management LLC grew its holdings in shares of Hamilton Insurance Group by 295.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after buying an additional 1,133 shares during the last quarter. Amalgamated Bank lifted its position in Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock worth $30,000 after acquiring an additional 685 shares during the period. CWM LLC lifted its position in Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after acquiring an additional 1,075 shares during the period. Bfsg LLC grew its stake in shares of Hamilton Insurance Group by 50.2% in the 1st quarter. Bfsg LLC now owns 6,103 shares of the company's stock valued at $127,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Insider Buying and Selling at Hamilton Insurance Group

In related news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $24.00, for a total value of $455,712.00. Following the sale, the insider directly owned 64,512 shares of the company's stock, valued at approximately $1,548,288. This represents a 22.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $142,740.00. Following the transaction, the insider owned 116,338 shares of the company's stock, valued at $2,767,681.02. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,988 shares of company stock valued at $730,452. Insiders own 17.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HG shares. Barclays upped their price target on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a research note 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. JMP Securities raised their target price on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. BMO Capital Markets reiterated a "market perform" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Finally, Citigroup started coverage on shares of Hamilton Insurance Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $25.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $25.43.

Hamilton Insurance Group Price Performance

Shares of HG stock traded down $0.62 during midday trading on Monday, reaching $23.48. 339,746 shares of the company traded hands, compared to its average volume of 507,452. The firm's 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $20.54. The firm has a market cap of $2.35 billion, a PE ratio of 6.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.69. Hamilton Insurance Group, Ltd. has a 1-year low of $16.80 and a 1-year high of $24.54.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.54. The business had revenue of $712.03 million for the quarter, compared to analysts' expectations of $519.50 million. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. On average, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal 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.