Sei Investments Co. Buys 160,575 Shares of Hamilton Insurance Group, Ltd. $HG

Sei Investments Co. grew its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 72.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,717 shares of the company’s stock after purchasing an additional 160,575 shares during the quarter. Sei Investments Co.’s holdings in Hamilton Insurance Group were worth $11,357,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of Hamilton Insurance Group by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after buying an additional 737,084 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after buying an additional 646,106 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Hamilton Insurance Group in the 4th quarter valued at about $16,667,000. Millennium Management LLC raised its holdings in Hamilton Insurance Group by 89.8% in the 4th quarter. Millennium Management LLC now owns 881,667 shares of the company’s stock valued at $24,599,000 after acquiring an additional 417,261 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Hamilton Insurance Group by 101.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 705,277 shares of the company’s stock valued at $17,490,000 after acquiring an additional 355,947 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Hamilton Insurance Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Barclays increased their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock opened at $35.92 on Friday. Hamilton Insurance Group, Ltd. has a twelve month low of $21.00 and a twelve month high of $37.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $32.98 and a two-hundred day simple moving average of $31.00. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 5.88 and a beta of 0.35.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The firm had revenue of $758.91 million during the quarter, compared to the consensus estimate of $933.90 million. Analysts forecast that Hamilton Insurance Group, Ltd. will post 4.12 EPS for the current year.

Insider Transactions at Hamilton Insurance Group

In other news, Director David A. Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the sale, the director directly owned 450,000 shares in the company, valued at approximately $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of Hamilton Insurance Group stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $185,955.75. Following the completion of the sale, the treasurer owned 39,629 shares of the company’s stock, valued at approximately $1,213,043.69. The trade was a 13.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 70,105 shares of company stock valued at $2,220,158. 3.02% of the stock is currently owned by company insiders.

About Hamilton Insurance Group

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.