BNP Paribas Financial Markets Acquires 281,549 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

BNP Paribas Financial Markets increased its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 318.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 369,963 shares of the company's stock after buying an additional 281,549 shares during the quarter. BNP Paribas Financial Markets owned about 0.36% of Hamilton Insurance Group worth $7,155,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in Hamilton Insurance Group during the 2nd quarter valued at about $6,454,000. American Century Companies Inc. grew its holdings in Hamilton Insurance Group by 17.7% during the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company's stock worth $34,704,000 after buying an additional 313,417 shares in the last quarter. Acadian Asset Management LLC raised its position in Hamilton Insurance Group by 80.3% in the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company's stock valued at $8,265,000 after buying an additional 221,372 shares during the last quarter. Vanguard Group Inc. bought a new position in Hamilton Insurance Group during the 1st quarter valued at $2,545,000. Finally, Renaissance Technologies LLC boosted its holdings in Hamilton Insurance Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 357,800 shares of the company's stock worth $5,957,000 after acquiring an additional 103,426 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Wall Street Analysts Forecast Growth

HG has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. JMP Securities boosted their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 8th. Barclays began coverage on Hamilton Insurance Group in a research report on Wednesday, September 4th. They set an "overweight" rating and a $26.00 target price for the company. Finally, Morgan Stanley downgraded shares of Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 price target on the stock. in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Hamilton Insurance Group has an average rating of "Moderate Buy" and an average target price of $21.43.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group 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 transaction, the chief accounting officer now owns 20,824 shares in the company, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Hamilton Insurance Group Stock Performance

Shares of HG traded up $0.19 during trading hours on Tuesday, hitting $19.16. The company's stock had a trading volume of 280,384 shares, compared to its average volume of 428,586. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $20.71. The company has a market cap of $1.94 billion and a price-to-earnings ratio of 4.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day simple moving average of $18.43 and a two-hundred day simple moving average of $17.73.

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, beating analysts' consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. During the same period last year, the business earned $0.41 earnings per share. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal 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.