Franklin Resources Inc. Purchases 14,872 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Franklin Resources Inc. boosted its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,062 shares of the company's stock after buying an additional 14,872 shares during the period. Franklin Resources Inc. owned approximately 0.11% of Hamilton Insurance Group worth $2,171,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Prudential Financial Inc. boosted its holdings in shares of Hamilton Insurance Group by 22.7% during the 4th quarter. Prudential Financial Inc. now owns 17,280 shares of the company's stock worth $329,000 after buying an additional 3,200 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Hamilton Insurance Group during the 4th quarter valued at $235,000. KLP Kapitalforvaltning AS bought a new position in Hamilton Insurance Group during the fourth quarter worth $367,000. Knights of Columbus Asset Advisors LLC increased its stake in Hamilton Insurance Group by 41.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 113,977 shares of the company's stock valued at $2,169,000 after purchasing an additional 33,573 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Hamilton Insurance Group by 11.1% during the fourth quarter. Sei Investments Co. now owns 285,055 shares of the company's stock worth $5,425,000 after buying an additional 28,452 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Price Performance

NYSE HG traded up $0.16 during trading hours on Friday, reaching $18.51. 335,821 shares of the stock traded hands, compared to its average volume of 505,412. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $18.98. Hamilton Insurance Group, Ltd. has a 1 year low of $13.20 and a 1 year high of $21.68. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 4.14 and a beta of 0.47.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. On average, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the transaction, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HG. Wells Fargo & Company dropped their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $23.60.

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.