Teachers Retirement System of The State of Kentucky Makes New $1.42 Million Investment in Hamilton Insurance Group, Ltd. (NYSE:HG)

Teachers Retirement System of The State of Kentucky bought a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 68,487 shares of the company's stock, valued at approximately $1,420,000. Teachers Retirement System of The State of Kentucky owned 0.07% of Hamilton Insurance Group as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Lazard Asset Management LLC boosted its stake in shares of Hamilton Insurance Group by 19.7% during the 4th quarter. Lazard Asset Management LLC now owns 811,166 shares of the company's stock valued at $15,435,000 after buying an additional 133,646 shares during the period. Jacobs Levy Equity Management Inc. lifted its position 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 during the last quarter. Geode Capital Management LLC lifted its position 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 during the last quarter. Victory Capital Management Inc. lifted its position in 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 acquiring an additional 346,998 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Hamilton Insurance Group by 1.9% during the 4th quarter. Federated Hermes Inc. now owns 424,211 shares of the company's stock worth $8,073,000 after acquiring an additional 7,886 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of HG traded up $0.22 during mid-day trading on Friday, hitting $21.50. 337,520 shares of the company traded hands, compared to its average volume of 499,993. Hamilton Insurance Group, Ltd. has a one year low of $15.31 and a one year high of $22.33. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $21.21 and a 200 day moving average of $19.99. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.09 and a beta of 0.82.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.43. The business 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, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other Hamilton Insurance Group news, Director Therese M. Vaughan acquired 4,750 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of $21.05 per share, for a total transaction of $99,987.50. Following the completion of the acquisition, the director directly owned 20,892 shares of the company's stock, valued at approximately $439,776.60. This represents a 29.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the chief executive officer owned 190,440 shares in the company, valued at $4,189,680. This 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 owned by company insiders.

About Hamilton Insurance Group

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.