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

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

A number of other large investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in Hamilton Insurance Group during the third quarter worth about $525,000. XTX Topco Ltd bought a new stake in Hamilton Insurance Group during the 3rd quarter worth approximately $238,000. Zacks Investment Management acquired a new stake in Hamilton Insurance Group during the 3rd quarter valued at $489,000. Wellington Management Group LLP raised its position in Hamilton Insurance Group by 198.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock valued at $71,859,000 after purchasing an additional 2,469,422 shares during the last quarter. Finally, State Street Corp boosted its stake in Hamilton Insurance Group by 133.3% in the third quarter. State Street Corp now owns 532,632 shares of the company's stock worth $10,301,000 after purchasing an additional 304,371 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

Insider Transactions at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 17,500 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the transaction, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Hamilton Insurance Group Stock Up 1.2 %

HG traded up $0.22 during trading hours on Monday, hitting $18.90. 243,854 shares of the company's stock were exchanged, compared to its average volume of 421,748. The stock has a market cap of $1.92 billion and a price-to-earnings ratio of 4.23. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $20.71. The stock's 50-day moving average is $18.51 and its two-hundred day moving average is $18.01. 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 released 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 for the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same quarter in the prior year, the company posted $0.41 earnings per share. Sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HG. Wells Fargo & Company upped their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Barclays initiated coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They set an "overweight" rating and a $26.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.60.

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.