2,061 Shares in Hamilton Insurance Group, Ltd. (NYSE:HG) Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,061 shares of the company’s stock, valued at approximately $34,000.

Several other large investors have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System acquired a new stake in Hamilton Insurance Group in the first quarter worth $233,000. Quadrature Capital Ltd acquired a new position in shares of Hamilton Insurance Group during the first quarter valued at $528,000. American International Group Inc. acquired a new position in shares of Hamilton Insurance Group during the first quarter valued at $115,000. Acadian Asset Management LLC acquired a new position in shares of Hamilton Insurance Group during the first quarter valued at $3,831,000. Finally, Vanguard Group Inc. acquired a new position in shares of Hamilton Insurance Group during the first quarter valued at $2,545,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 22,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total value of $367,400.00. Following the completion of the transaction, the chief accounting officer now owns 18,957 shares in the company, valued at approximately $316,581.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Brian John Deegan sold 22,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total value of $367,400.00. Following the completion of the transaction, the chief accounting officer now owns 18,957 shares in the company, valued at approximately $316,581.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Neil Patterson purchased 21,135 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of $16.66 per share, with a total value of $352,109.10. Following the transaction, the director now directly owns 21,135 shares in the company, valued at $352,109.10. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley lowered their price target on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.00 price target (up from $20.00) on shares of Hamilton Insurance Group in a report on Thursday, May 16th. Wells Fargo & Company raised their price target on Hamilton Insurance Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, JMP Securities raised their target price on Hamilton Insurance Group from $22.00 to $23.00 and gave the company a “market outperform” rating in a research note on Thursday, May 9th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $20.00.

Hamilton Insurance Group Price Performance

HG stock traded down $0.14 during trading hours on Tuesday, hitting $15.47. 382,475 shares of the stock traded hands, compared to its average volume of 324,935. The stock has a 50-day simple moving average of $16.57 and a 200 day simple moving average of $15.17. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $18.07. The company has a market cap of $1.72 billion and a P/E ratio of 4.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, May 8th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.30. Hamilton Insurance Group had a return on equity of 18.53% and a net margin of 19.11%. The business had revenue of $658.65 million during the quarter, compared to analysts’ expectations of $464.96 million. Equities analysts forecast that Hamilton Insurance Group, Ltd. will post 3.92 earnings per share for the current year.

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.