35,253 Shares in Hamilton Insurance Group, Ltd. $HG Purchased by Brandywine Global Investment Management LLC

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 the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,253 shares of the company's stock, valued at approximately $731,000.

Several other institutional investors have also recently added to or reduced their stakes in HG. Amalgamated Bank increased its position 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 purchasing an additional 685 shares in the last quarter. Arizona State Retirement System acquired a new position in Hamilton Insurance Group during the first quarter worth approximately $267,000. Victory Capital Management Inc. lifted its stake in Hamilton Insurance Group by 279.5% in the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock valued at $9,766,000 after buying an additional 346,998 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Hamilton Insurance Group by 18.8% in the fourth quarter. Bank of America Corp DE now owns 212,586 shares of the company's stock valued at $4,046,000 after acquiring an additional 33,613 shares during the period. Finally, Informed Momentum Co LLC purchased a new position in shares of Hamilton Insurance Group during the first quarter worth approximately $3,143,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the chief executive officer owned 190,440 shares of the company's stock, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexander James Baker sold 6,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the sale, the insider directly owned 116,338 shares in the company, valued at approximately $2,767,681.02. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,988 shares of company stock worth $730,452. 17.46% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. JMP Securities raised their price target on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. Morgan Stanley reaffirmed a "cautious" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Monday, August 18th. Citigroup initiated coverage on shares of Hamilton Insurance Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $25.00 price objective on the stock. Finally, BMO Capital Markets restated a "market perform" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.43.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock traded down $0.1850 during trading hours on Monday, hitting $23.9150. The stock had a trading volume of 40,910 shares, compared to its average volume of 516,569. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 6.62 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. The stock's fifty day moving average is $21.74 and its two-hundred day moving average is $20.51.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.54. The firm had revenue of $712.03 million for the quarter, compared to analysts' expectations of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. As a group, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

About Hamilton Insurance Group

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.