Knights of Columbus Asset Advisors LLC Has $1.91 Million Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Hamilton Insurance Group by 19.1%, now holding 92,204 shares valued at approximately $1.91 million.
• Institutional investors, including Sterling Capital Management and Amalgamated Bank, significantly increased their holdings in Hamilton Insurance Group, with increases of 295.1% and 92.2% respectively.
• The company's stock has a consensus rating of "Moderate Buy" with a target price of $24.17, following recent analyst upgrades from firms like Barclays and Morgan Stanley.

Knights of Columbus Asset Advisors LLC cut its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,204 shares of the company's stock after selling 21,773 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.09% of Hamilton Insurance Group worth $1,911,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Private Management Group Inc. increased 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 worth $18,367,000 after acquiring an additional 333,671 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Hamilton Insurance Group by 19.7% in 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. Jacobs Levy Equity Management Inc. grew its holdings in Hamilton Insurance Group by 31.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company's stock worth $12,222,000 after acquiring an additional 155,228 shares in the last quarter. Geode Capital Management LLC grew its holdings in Hamilton Insurance Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 478,057 shares of the company's stock worth $9,097,000 after acquiring an additional 2,504 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock worth $9,766,000 after buying an additional 346,998 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HG shares. BMO Capital Markets restated a "market perform" rating and issued a $23.00 price target on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Wells Fargo & Company decreased their target price 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. Barclays lifted 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. Finally, Morgan Stanley lifted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.17.

Insider Buying and Selling

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

Hamilton Insurance Group Price Performance

Shares of HG stock traded down $0.21 during trading hours on Monday, hitting $21.34. 228,927 shares of the company's stock were exchanged, compared to its average volume of 519,241. The stock's 50-day moving average is $21.21 and its 200-day moving average is $20.02. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 7.04 and a beta of 0.82. Hamilton Insurance Group, Ltd. has a 52 week low of $15.31 and a 52 week high of $22.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.71 and a quick ratio of 0.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. The company had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a return on equity of 12.41% and a net margin of 13.28%. As a group, research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

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.