Jacobs Levy Equity Management Inc. Takes Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Jacobs Levy Equity Management Inc. acquired a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 487,032 shares of the company's stock, valued at approximately $9,419,000. Jacobs Levy Equity Management Inc. owned 0.48% of Hamilton Insurance Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HG. Vanguard Group Inc. acquired a new position in Hamilton Insurance Group in the first quarter valued at approximately $2,545,000. California State Teachers Retirement System acquired a new position in Hamilton Insurance Group in the first quarter valued at approximately $233,000. SG Americas Securities LLC acquired a new position in Hamilton Insurance Group in the second quarter valued at approximately $295,000. Bailard Inc. lifted its stake in Hamilton Insurance Group by 223.1% in the second quarter. Bailard Inc. now owns 33,600 shares of the company's stock valued at $559,000 after buying an additional 23,200 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Hamilton Insurance Group by 63.7% during the second quarter. Bank of New York Mellon Corp now owns 51,359 shares of the company's stock worth $855,000 after purchasing an additional 19,991 shares during the period. 29.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of the company's stock in a transaction 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 owns 20,824 shares of the company's stock, valued at $399,404.32. This represents a 45.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company's stock.

Hamilton Insurance Group Stock Performance

NYSE:HG traded down $0.11 during trading on Friday, reaching $19.17. The company's stock had a trading volume of 304,781 shares, compared to its average volume of 427,421. The firm has a market cap of $1.94 billion and a price-to-earnings ratio of 4.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a 50 day moving average of $18.41 and a 200-day moving average of $17.77. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $20.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The firm had revenue of $512.84 million during the quarter, compared to the consensus estimate 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 earned $0.41 EPS. Research analysts expect that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HG has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Morgan Stanley lowered Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 target price on the stock. in a research report on Monday, August 19th. JMP Securities upped their target price 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. Wells Fargo & Company upped their price target on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Barclays started 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.60.

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.