160,768 Shares in Hamilton Insurance Group, Ltd. (NYSE:HG) Acquired by Jupiter Asset Management Ltd.

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. acquired a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HG. KLP Kapitalforvaltning AS bought a new position in shares of Hamilton Insurance Group during the 4th quarter worth $367,000. Prudential Financial Inc. raised its stake in Hamilton Insurance Group by 22.7% in the fourth quarter. Prudential Financial Inc. now owns 17,280 shares of the company's stock valued at $329,000 after buying an additional 3,200 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Hamilton Insurance Group by 15.0% in the fourth quarter. Franklin Resources Inc. now owns 114,062 shares of the company's stock worth $2,171,000 after purchasing an additional 14,872 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Hamilton Insurance Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 478,057 shares of the company's stock worth $9,097,000 after purchasing an additional 2,504 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $482,000. Institutional investors own 29.17% of the company's stock.

Insider Activity at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the transaction, the chief executive officer owned 190,440 shares in the company, valued at $4,189,680. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Therese M. Vaughan acquired 4,750 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the transaction, the director owned 20,892 shares of the company's stock, valued at $439,776.60. This represents a 29.43% increase in their position. The disclosure for this purchase can be found here. Company insiders own 17.46% of the company's stock.

Analysts Set New Price Targets

HG has been the topic of several analyst reports. JMP Securities raised their target price on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a report on Thursday. Wells Fargo & Company raised their target price on Hamilton Insurance Group from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday. Barclays raised their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, July 7th. BMO Capital Markets reissued a "market perform" rating and issued a $23.00 price objective on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Finally, Morgan Stanley raised their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Hamilton Insurance Group has an average rating of "Moderate Buy" and an average target price of $24.83.

Hamilton Insurance Group Price Performance

Shares of NYSE HG traded up $0.19 during midday trading on Friday, hitting $22.48. The stock had a trading volume of 135,956 shares, compared to its average volume of 511,581. The company has a market capitalization of $2.28 billion, a PE ratio of 6.21 and a beta of 0.81. The stock has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $20.17. Hamilton Insurance Group, Ltd. has a 1 year low of $16.63 and a 1 year high of $23.03. 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 (NYSE:HG - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $519.50 million. Hamilton Insurance Group had a return on equity of 13.62% and a net margin of 14.67%. On average, sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal 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.