Empowered Funds LLC Grows Stock Holdings in Hamilton Insurance Group, Ltd. $HG

Key Points

• Empowered Funds LLC significantly increased its stake in Hamilton Insurance Group by 260.5%, acquiring an additional 238,652 shares, bringing its total ownership to approximately $6.85 million.
• Several other institutional investors have also raised their stakes in Hamilton Insurance Group, with notable increases from Bfsg LLC and CWM LLC, indicating growing interest among large investors.
• Hamilton Insurance Group's shares have seen a slight decrease of 0.8%, with a market capitalization of $2.36 billion and a reported PE ratio of 6.51.

Empowered Funds LLC boosted its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 260.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,254 shares of the company's stock after purchasing an additional 238,652 shares during the period. Empowered Funds LLC owned about 0.33% of Hamilton Insurance Group worth $6,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Hamilton Insurance Group by 26.1% in the 1st quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company's stock valued at $96,570,000 after acquiring an additional 963,021 shares during the period. Nuveen LLC bought a new position in shares of Hamilton Insurance Group in the first quarter valued at $50,838,000. Private Management Group Inc. lifted its stake in shares of Hamilton Insurance Group by 60.4% in the first quarter. Private Management Group Inc. now owns 885,996 shares of the company's stock valued at $18,367,000 after buying an additional 333,671 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Hamilton Insurance Group by 19.7% during the fourth quarter. Lazard Asset Management LLC now owns 811,166 shares of the company's stock valued at $15,435,000 after purchasing an additional 133,646 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Hamilton Insurance Group by 398.9% during the first quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company's stock worth $12,060,000 after buying an additional 465,152 shares during the last quarter. Institutional investors own 29.17% of the company's stock.

Wall Street Analyst Weigh In

HG has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Zacks Research upgraded shares of Hamilton Insurance Group to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen lowered shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.43.

Insider Transactions at Hamilton Insurance Group

In other news, insider Alexander James Baker sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 116,338 shares in the company, valued at $2,767,681.02. This represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Donald Bernhard sold 47,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $24.37, for a total transaction of $1,145,390.00. Following the sale, the insider directly owned 53,893 shares of the company's stock, valued at approximately $1,313,372.41. This trade represents a 46.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,988 shares of company stock worth $1,743,842 in the last quarter. Company insiders own 17.46% of the company's stock.

Hamilton Insurance Group Stock Down 1.8%

Hamilton Insurance Group stock traded down $0.44 during mid-day trading on Tuesday, reaching $23.72. The stock had a trading volume of 72,941 shares, compared to its average volume of 510,862. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 6.55 and a beta of 0.81. The company has a 50-day moving average price of $22.63 and a two-hundred day moving average price of $21.11. Hamilton Insurance Group, Ltd. has a one year low of $16.80 and a one year high of $24.67. 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 (NYSE:HG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.54. The company 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%. On average, analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS 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.