Jupiter Asset Management Ltd. Purchases Shares of 160,768 Hamilton Insurance Group, Ltd. (NYSE:HG)

Key Points

• Jupiter Asset Management Ltd. has acquired 160,768 shares of Hamilton Insurance Group, valued at approximately $3.33 million, representing around 0.16% ownership of the company.
• Hamilton Insurance Group recently reported an earnings per share of $0.47, significantly exceeding analysts' expectations of $0.04, and achieved a revenue of $843.31 million.
• Analysts have mixed ratings for Hamilton Insurance Group, with price targets ranging from $21.00 to $25.00, and a consensus rating of "Moderate Buy".

Jupiter Asset Management Ltd. purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 160,768 shares of the company's stock, valued at approximately $3,333,000. Jupiter Asset Management Ltd. owned about 0.16% of Hamilton Insurance Group at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in shares of Hamilton Insurance Group by 3.2% in the fourth quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock valued at $412,000 after purchasing an additional 679 shares during the period. Amalgamated Bank increased its position in 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 acquiring an additional 685 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hamilton Insurance Group by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company's stock worth $429,000 after acquiring an additional 886 shares during the period. CWM LLC increased its position in Hamilton Insurance Group by 172.6% during the first 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. Finally, Sterling Capital Management LLC increased its position in 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 acquiring an additional 1,133 shares during the period. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

HG stock opened at $21.09 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 12 month low of $15.31 and a 12 month high of $22.33. The firm has a market cap of $2.14 billion, a P/E ratio of 6.96 and a beta of 0.81. The company's 50-day moving average price is $21.25 and its two-hundred day moving average price is $20.11.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. The company had revenue of $843.31 million for the quarter, compared to the consensus estimate of $498.00 million. On average, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Therese M. Vaughan purchased 4,750 shares of Hamilton Insurance Group stock in a transaction dated Monday, May 19th. The shares were bought at an average cost of $21.05 per share, for a total transaction of $99,987.50. Following the purchase, the director owned 20,892 shares in the company, valued at approximately $439,776.60. This trade represents a 29.43% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of Hamilton Insurance Group stock in a transaction that occurred 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 sale, the chief executive officer owned 190,440 shares in the company, valued at approximately $4,189,680. This represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HG. Morgan Stanley raised their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Barclays raised their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Wells Fargo & Company lowered their price target on shares of Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hamilton Insurance Group has a consensus rating of "Moderate Buy" and an average price target of $24.17.

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.

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