Charles Schwab Investment Management Inc. Boosts Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Charles Schwab Investment Management Inc. boosted its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 176.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,794 shares of the company's stock after purchasing an additional 70,732 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.11% of Hamilton Insurance Group worth $2,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HG. Financial Management Professionals Inc. bought a new position in shares of Hamilton Insurance Group in the 3rd quarter worth $34,000. US Bancorp DE bought a new position in shares of Hamilton Insurance Group in the third quarter valued at $107,000. Rhumbline Advisers lifted its stake in shares of Hamilton Insurance Group by 52.0% in the second quarter. Rhumbline Advisers now owns 25,068 shares of the company's stock valued at $417,000 after buying an additional 8,572 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Hamilton Insurance Group during the second quarter valued at about $156,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Hamilton Insurance Group during the third quarter worth about $197,000. 29.17% of the stock is owned by institutional investors.

Insider Activity

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

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock traded down $0.22 on Monday, reaching $18.51. 405,136 shares of the company traded hands, compared to its average volume of 425,027. The company has a 50 day moving average of $18.41 and a 200 day moving average of $17.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The firm has a market capitalization of $1.88 billion and a PE ratio of 4.19.

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 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 last year, the business posted $0.41 earnings per share. Equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Analysts Set New Price Targets

HG has been the subject of several recent research reports. Barclays assumed coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They set an "overweight" rating and a $26.00 price target for the company. Morgan Stanley downgraded shares of Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 target price for the company. in a report on Monday, August 19th. Finally, Wells Fargo & Company increased their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.