Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 105.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 150,200 shares of the company's stock after purchasing an additional 77,200 shares during the period. Canada Pension Plan Investment Board owned 0.15% of Hamilton Insurance Group worth $2,858,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Barclays PLC increased its stake in Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company's stock valued at $1,114,000 after purchasing an additional 51,561 shares during the last quarter. Geode Capital Management LLC raised its stake in Hamilton Insurance Group by 136.5% during the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after acquiring an additional 274,483 shares during the period. Franklin Resources Inc. lifted its holdings in Hamilton Insurance Group by 90.0% in the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock worth $1,845,000 after acquiring an additional 46,978 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Hamilton Insurance Group by 538.4% in the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock valued at $16,677,000 after acquiring an additional 727,242 shares during the period. Finally, State Street Corp grew its holdings in shares of Hamilton Insurance Group by 133.3% during the third quarter. State Street Corp now owns 532,632 shares of the company's stock valued at $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Institutional investors own 29.17% of the company's stock.

Insider Activity at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the sale, the chief executive officer now directly owns 203,847 shares of the company's stock, valued at $4,217,594.43. This represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 15,000 shares of company stock valued at $311,566 over the last 90 days. 17.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HG. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company reduced their price objective on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.60.

Hamilton Insurance Group Stock Up 3.0 %

HG stock opened at $18.44 on Wednesday. The firm's 50-day moving average is $19.54 and its two-hundred day moving average is $18.97. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 4.12 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a 52 week low of $13.20 and a 52 week high of $21.68. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. On average, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

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.

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