Swiss National Bank Has $1.81 Million Stake in Hamilton Insurance Group, Ltd. $HG

Key Points

• The Swiss National Bank increased its stake in Hamilton Insurance Group, Ltd. by 60.4%, now holding 87,100 shares valued at approximately $1.81 million.
• Multiple institutional investors are modifying their holdings, with notable increases including a 92.2% stake boost by Amalgamated Bank and a 279.5% increase by Victory Capital Management, indicating strong institutional interest in the company.
• Hamilton Insurance Group reported earnings exceeding consensus estimates, with an EPS of $1.55 for the quarter and expected to post 4.1 EPS for the current year, reflecting solid financial performance.

Swiss National Bank grew its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,100 shares of the company's stock after purchasing an additional 32,800 shares during the quarter. Swiss National Bank owned about 0.09% of Hamilton Insurance Group worth $1,806,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in Hamilton Insurance Group by 0.6% in the first quarter. Deutsche Bank AG now owns 100,206 shares of the company's stock worth $2,077,000 after purchasing an additional 555 shares in the last quarter. Voya Investment Management LLC boosted its stake in Hamilton Insurance Group by 3.2% in the fourth quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock worth $412,000 after purchasing an additional 679 shares in the last quarter. Amalgamated Bank increased its stake in shares of Hamilton Insurance Group by 92.2% in the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock valued at $30,000 after buying an additional 685 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hamilton Insurance Group by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company's stock valued at $429,000 after buying an additional 886 shares during the period. Finally, CWM LLC increased its stake in shares of Hamilton Insurance Group by 172.6% in the 1st quarter. CWM LLC now owns 1,698 shares of the company's stock valued at $35,000 after buying an additional 1,075 shares during the period. Institutional investors and hedge funds own 29.17% of the company's stock.

Insider Activity

In other news, insider Alexander James Baker sold 6,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the completion of the transaction, the insider owned 116,338 shares of the company's stock, valued at $2,767,681.02. The trade was a 4.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.00, for a total transaction of $455,712.00. Following the completion of the transaction, the insider directly owned 64,512 shares of the company's stock, valued at $1,548,288. This trade represents a 22.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,988 shares of company stock valued at $730,452 in the last quarter. Company insiders own 17.46% of the company's stock.

Hamilton Insurance Group Trading Down 0.4%

Shares of HG stock traded down $0.09 on Friday, hitting $23.87. The stock had a trading volume of 412,670 shares, compared to its average volume of 538,214. Hamilton Insurance Group, Ltd. has a twelve month low of $16.80 and a twelve month high of $24.54. The firm has a market cap of $2.39 billion, a P/E ratio of 6.59 and a beta of 0.81. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $22.03 and a two-hundred day moving average price of $20.65.

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 (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. The company had revenue of $712.03 million during the quarter, compared to analyst estimates of $519.50 million. As a group, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HG has been the subject of several research reports. Citigroup initiated coverage on Hamilton Insurance Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $25.00 target price for the company. Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Barclays lifted their target price on 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, JMP Securities lifted their target price on 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. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.43.

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.