Canada Pension Plan Investment Board Grows Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Canada Pension Plan Investment Board boosted its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 105.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,200 shares of the company's stock after acquiring an additional 77,200 shares during the period. Canada Pension Plan Investment Board owned 0.15% of Hamilton Insurance Group worth $2,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock valued at $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Barclays PLC increased its stake in Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company's stock valued at $1,114,000 after purchasing an additional 51,561 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hamilton Insurance Group by 136.5% in the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after buying an additional 274,483 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Hamilton Insurance Group by 90.0% during the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock worth $1,845,000 after buying an additional 46,978 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Hamilton Insurance Group by 538.4% during the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock valued at $16,677,000 after buying an additional 727,242 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock traded up $0.18 during midday trading on Monday, hitting $18.34. 591,030 shares of the company were exchanged, compared to its average volume of 511,898. The business has a fifty day simple moving average of $19.52 and a two-hundred day simple moving average of $18.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $1.86 billion, a PE ratio of 4.10 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a fifty-two week low of $13.36 and a fifty-two week high of $21.68.

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

Insiders Place Their Bets

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the sale, the chief executive officer now directly owns 199,923 shares in the company, valued at $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 available through this link. Over the last quarter, insiders sold 15,000 shares of company stock worth $311,566. Company insiders own 17.46% of the company's stock.

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.