Ameritas Advisory Services LLC Invests $449,000 in Hamilton Insurance Group, Ltd. (NYSE:HG)

Ameritas Advisory Services LLC bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,603 shares of the company's stock, valued at approximately $449,000.

Several other large investors also recently modified their holdings of HG. Rhumbline Advisers raised its holdings in Hamilton Insurance Group by 52.0% in the 2nd quarter. Rhumbline Advisers now owns 25,068 shares of the company's stock worth $417,000 after purchasing an additional 8,572 shares in the last quarter. Renaissance Technologies LLC raised its stake in Hamilton Insurance Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 357,800 shares of the company's stock worth $5,957,000 after buying an additional 103,426 shares in the last quarter. Sei Investments Co. lifted its holdings in Hamilton Insurance Group by 22.8% in the second quarter. Sei Investments Co. now owns 250,725 shares of the company's stock worth $4,175,000 after buying an additional 46,540 shares during the period. Cubist Systematic Strategies LLC boosted its position in Hamilton Insurance Group by 137.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 110,453 shares of the company's stock valued at $1,839,000 after acquiring an additional 63,937 shares in the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Hamilton Insurance Group in the 2nd quarter worth approximately $486,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Stock Down 0.5 %

Shares of NYSE:HG traded down $0.10 on Friday, hitting $19.01. 145,319 shares of the company traded hands, compared to its average volume of 483,030. The company has a market cap of $1.93 billion, a PE ratio of 4.26 and a beta of 1.03. The stock has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $18.35. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $512.84 million during the quarter, compared to analysts' expectations of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the transaction, the chief accounting officer now owns 20,824 shares of the company's stock, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HG shares. Wells Fargo & Company increased their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Barclays lowered their price target on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.20.

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.