Donald Smith & CO. Inc. Makes New $29.88 Million Investment in Hamilton Insurance Group, Ltd. $HG

Key Points

• Donald Smith & Co. initiated a $29.88 million position in Hamilton Insurance Group, purchasing 880,490 shares, or approximately 0.89% of the company.
• Institutional ownership remains significant at 29.17%, with several funds—including Arrowstreet, Lazard, Empowered Funds and SEI Investments—also increasing their holdings.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and a $36.12 price target; the stock recently traded at $34.90 after reporting $1.56 in quarterly EPS and $839.58 million in revenue.

Donald Smith & CO. Inc. bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 880,490 shares of the company's stock, valued at approximately $29,884,000. Donald Smith & CO. Inc. owned approximately 0.89% of Hamilton Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in HG. Arrowstreet Capital Limited Partnership increased its position in Hamilton Insurance Group by 10.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company's stock worth $44,659,000 after buying an additional 140,474 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Hamilton Insurance Group in the first quarter valued at approximately $3,229,000. Lazard Asset Management LLC grew its position in shares of Hamilton Insurance Group by 9.5% during the first quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company's stock worth $31,309,000 after acquiring an additional 90,655 shares during the last quarter. Empowered Funds LLC grew its position in shares of Hamilton Insurance Group by 10.9% during the first quarter. Empowered Funds LLC now owns 456,436 shares of the company's stock worth $13,615,000 after acquiring an additional 44,690 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Hamilton Insurance Group by 72.9% in the 1st quarter. Sei Investments Co. now owns 380,717 shares of the company's stock valued at $11,357,000 after acquiring an additional 160,575 shares during the period. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on HG. Zacks Research downgraded shares of Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Hamilton Insurance Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, June 12th. Morgan Stanley lifted their price objective on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Finally, Barclays increased their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $36.12.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $34.90 on Friday. Hamilton Insurance Group, Ltd. has a 12 month low of $22.66 and a 12 month high of $37.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $34.42 and a 200-day simple moving average of $31.87. The stock has a market capitalization of $3.44 billion, a PE ratio of 6.08 and a beta of 0.33.

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

Hamilton Insurance Group Company Profile

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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