Joel Isaacson & Co. LLC Makes New $270,000 Investment in Hamilton Insurance Group, Ltd. $HG

Key Points

• Joel Isaacson & Co. LLC has invested approximately $270,000 in Hamilton Insurance Group, purchasing 12,483 shares in the second quarter.
• Several hedge funds have increased their stakes in Hamilton Insurance Group, including Nuveen LLC with an investment of about $50.8 million since the beginning of the year.
• Analyst ratings for Hamilton Insurance Group have been positive, with firms like Wells Fargo raising their price target to $26.00 and maintaining an "overweight" rating.

Joel Isaacson & Co. LLC purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,483 shares of the company's stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HG. Nuveen LLC purchased a new position in Hamilton Insurance Group in the 1st quarter worth approximately $50,838,000. Wellington Management Group LLP grew its stake 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 worth $96,570,000 after buying an additional 963,021 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Hamilton Insurance Group by 398.9% in the 1st 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 in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Hamilton Insurance Group by 279.5% in the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock valued at $9,766,000 after purchasing an additional 346,998 shares in the last quarter. Finally, Private Management Group Inc. boosted its stake in shares of Hamilton Insurance Group by 60.4% in the 1st quarter. Private Management Group Inc. now owns 885,996 shares of the company's stock valued at $18,367,000 after purchasing an additional 333,671 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insiders Place Their Bets

In other Hamilton Insurance Group news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.00, for a total value of $455,712.00. Following the completion of the transaction, the insider directly owned 64,512 shares in the company, valued at approximately $1,548,288. This represents a 22.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keith Donald Bernhard sold 47,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $24.37, for a total transaction of $1,145,390.00. Following the completion of the transaction, the insider owned 53,893 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 71,988 shares of company stock worth $1,743,842. 17.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HG. Morgan Stanley upped their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. JMP Securities upped their price objective on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the company a "market outperform" rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hamilton Insurance Group in a research note on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and a consensus price target of $25.71.

Hamilton Insurance Group Trading Down 1.1%

Shares of HG opened at $24.69 on Wednesday. The stock has a market capitalization of $2.47 billion, a P/E ratio of 6.82 and a beta of 0.82. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $23.66 and a two-hundred day simple moving average of $21.54. Hamilton Insurance Group, Ltd. has a twelve month low of $16.80 and a twelve month high of $25.37.

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 for the quarter, beating the consensus estimate of $1.01 by $0.54. The business had revenue of $712.03 million during 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, research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.