Public Employees Retirement System of Ohio Makes New Investment in Hamilton Insurance Group, Ltd. $HG

Key Points

• Public Employees Retirement System of Ohio acquired 49,792 shares of Hamilton Insurance Group, valued at approximately $1.69 million, giving it a 0.05% stake. Institutional investors and hedge funds collectively own 29.17% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Hold ratings. The consensus rating is “Moderate Buy,” with an average price target of $36.12.
• Hamilton reported quarterly revenue of $839.58 million and earnings per share of $1.56, alongside a 19.56% net margin and 22.60% return on equity. The stock recently opened at $35.50, near its 52-week high of $37.31.

Public Employees Retirement System of Ohio acquired a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 49,792 shares of the company's stock, valued at approximately $1,690,000. Public Employees Retirement System of Ohio owned approximately 0.05% of Hamilton Insurance Group at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HG. Kestra Advisory Services LLC purchased a new position in shares of Hamilton Insurance Group during the 4th quarter valued at approximately $25,000. KBC Group NV purchased a new stake in Hamilton Insurance Group in the 1st quarter worth $65,000. Royal Bank of Canada increased its holdings in Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company's stock worth $84,000 after acquiring an additional 410 shares in the last quarter. Parallel Advisors LLC raised its position in Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company's stock worth $131,000 after acquiring an additional 735 shares during the period. Finally, Strs Ohio acquired a new position in Hamilton Insurance Group during the first quarter worth $112,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HG. UBS Group set a $33.00 target price on shares of Hamilton Insurance Group in a research report on Thursday, May 21st. Citizens Jmp upped their price target on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a "market outperform" rating in a research report on Friday, August 7th. Barclays raised their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price objective on Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Finally, Morgan Stanley boosted their price objective on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 19th. 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.12.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $35.50 on Tuesday. The company has a fifty day simple moving average of $35.10 and a 200-day simple moving average of $32.31. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 6.18 and a beta of 0.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group, Ltd. has a 52-week low of $22.66 and a 52-week high of $37.31.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The firm had revenue of $839.58 million for the quarter. On average, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current fiscal year.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.

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