Knights of Columbus Asset Advisors LLC Raises Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Knights of Columbus Asset Advisors LLC lifted its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 41.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 113,977 shares of the company’s stock after acquiring an additional 33,573 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Hamilton Insurance Group were worth $2,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HG. Quarry LP boosted its stake in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares during the last quarter. Spire Wealth Management purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $38,000. Bfsg LLC purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $77,000. Toronto Dominion Bank purchased a new position in Hamilton Insurance Group during the third quarter worth approximately $97,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $147,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Insider Activity at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the 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 owns 199,923 shares of the company’s stock, valued at approximately $4,198,383. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 15,000 shares of company stock valued at $311,566. 2.70% of the stock is currently owned by insiders.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock opened at $20.78 on Friday. The business has a 50 day simple moving average of $19.38 and a two-hundred day simple moving average of $18.88. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $21.48. The stock has a market capitalization of $2.11 billion, a P/E ratio of 4.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $460.17 million. As a group, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HG shares. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Wells Fargo & Company increased their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

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.