Lazard Asset Management LLC Increases Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Lazard Asset Management LLC grew its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 811,166 shares of the company's stock after purchasing an additional 133,646 shares during the period. Lazard Asset Management LLC owned approximately 0.80% of Hamilton Insurance Group worth $15,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Sterling Capital Management LLC increased its position in shares of Hamilton Insurance Group by 295.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after acquiring an additional 1,133 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $38,000. Bfsg LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $77,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $147,000. Finally, Bellecapital International Ltd. bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $193,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Analyst Upgrades and Downgrades

HG has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of 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. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

Hamilton Insurance Group Stock Performance

HG traded up $0.20 during midday trading on Friday, reaching $21.07. The company had a trading volume of 509,334 shares, compared to its average volume of 520,098. 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 stock has a market cap of $2.14 billion, a PE ratio of 4.71 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 12-month low of $15.19 and a 12-month high of $21.68. The business has a 50-day moving average price of $19.58 and a two-hundred day moving average price of $19.12.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.43. The firm had revenue of $843.31 million for the quarter, compared to analysts' expectations of $498.00 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. On average, sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total transaction of $79,485.00. Following the sale, the chief executive officer now directly owns 199,923 shares in the company, valued at approximately $4,198,383. This represents a 1.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 15,000 shares of company stock worth $311,566 over the last three months. 17.46% of the stock is currently owned by insiders.

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.