Barclays PLC Acquires 51,561 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Barclays PLC grew its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 845.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,663 shares of the company's stock after acquiring an additional 51,561 shares during the quarter. Barclays PLC owned about 0.06% of Hamilton Insurance Group worth $1,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake 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 valued at $2,143,000 after buying an additional 70,732 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Hamilton Insurance Group in the third quarter valued at $525,000. Geode Capital Management LLC grew its stake in shares of Hamilton Insurance Group by 136.5% in the third 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. American Century Companies Inc. grew its stake in shares of Hamilton Insurance Group by 17.7% in the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company's stock valued at $34,704,000 after buying an additional 313,417 shares in the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new stake in shares of Hamilton Insurance Group in the second quarter valued at $486,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insider Activity

In other news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares of the company's stock, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hamilton Insurance Group Trading Down 0.2 %

Shares of HG stock traded down $0.04 on Tuesday, reaching $18.27. 89,123 shares of the stock were exchanged, compared to its average volume of 559,906. The stock has a market cap of $1.85 billion, a P/E ratio of 4.09 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $18.74 and a two-hundred day moving average of $18.21. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $20.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 EPS 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.