Franklin Resources Inc. Has $1.85 Million Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Franklin Resources Inc. boosted its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 90.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,190 shares of the company's stock after purchasing an additional 46,978 shares during the period. Franklin Resources Inc. owned about 0.10% of Hamilton Insurance Group worth $1,845,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company's stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Hamilton Insurance Group during the third quarter valued at approximately $34,000. Toronto Dominion Bank acquired a new stake in Hamilton Insurance Group in the third quarter valued at approximately $97,000. US Bancorp DE bought a new stake in Hamilton Insurance Group in the third quarter worth approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Hamilton Insurance Group during the 2nd quarter worth $156,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays started coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an "overweight" rating and a $26.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Hamilton Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $22.60.

Hamilton Insurance Group Trading Down 1.5 %

Shares of Hamilton Insurance Group stock traded down $0.28 during trading hours on Friday, hitting $18.68. The company's stock had a trading volume of 419,250 shares, compared to its average volume of 422,459. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $20.71. 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 company has a market capitalization of $1.89 billion and a PE ratio of 4.18. The stock has a 50 day moving average of $18.50 and a 200 day moving average of $17.97.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued 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. The business had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same period last year, the business posted $0.41 earnings per share. Analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Insider Transactions at Hamilton Insurance Group

In related 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 owns 20,824 shares in the company, valued at approximately $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

About Hamilton Insurance Group

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.