Bank of New York Mellon Corp Grows Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Bank of New York Mellon Corp boosted its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 120.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,584 shares of the company's stock after acquiring an additional 100,169 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Hamilton Insurance Group worth $3,494,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HG. Charles Schwab Investment Management Inc. boosted its position in shares of Hamilton Insurance Group by 176.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company's stock worth $2,143,000 after buying an additional 70,732 shares during the period. Barclays PLC increased its position in shares of Hamilton Insurance Group by 845.0% in the 3rd quarter. Barclays PLC now owns 57,663 shares of the company's stock valued at $1,114,000 after buying an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at $525,000. Geode Capital Management LLC increased its position in shares of Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock valued at $9,197,000 after buying an additional 274,483 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Hamilton Insurance Group by 90.0% in the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock worth $1,845,000 after purchasing an additional 46,978 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts have recently commented on HG shares. Wells Fargo & Company increased their price objective on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Finally, JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.80.

Hamilton Insurance Group Stock Down 1.9 %

Shares of HG traded down $0.39 on Friday, reaching $20.78. The company's stock had a trading volume of 895,291 shares, compared to its average volume of 455,367. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.48. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $19.38 and a 200-day moving average of $18.88. The stock has a market capitalization of $2.11 billion, a PE ratio of 4.65 and a beta of 0.92.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). The business had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the sale, the chief executive officer now directly owns 199,923 shares in the company, valued at $4,198,383. This represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 15,000 shares of company stock worth $311,566 in the last three months. 2.70% of the stock is currently owned by corporate 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.