JPMorgan Chase & Co. Raises Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

JPMorgan Chase & Co. lifted its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 538.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 862,314 shares of the company's stock after purchasing an additional 727,242 shares during the quarter. JPMorgan Chase & Co. owned 0.85% of Hamilton Insurance Group worth $16,677,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in shares of Hamilton Insurance Group by 198.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock valued at $71,859,000 after buying an additional 2,469,422 shares during the last quarter. American Century Companies Inc. grew its position in shares of Hamilton Insurance Group by 17.7% in the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company's stock valued at $34,704,000 after acquiring an additional 313,417 shares during the period. State Street Corp increased its stake in shares of Hamilton Insurance Group by 133.3% during the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock worth $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Hamilton Insurance Group in the 3rd quarter valued at about $9,419,000. Finally, Geode Capital Management LLC grew its holdings 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 purchasing an additional 274,483 shares during the period. Institutional investors and hedge funds own 29.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HG. Barclays cut their target price on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.20.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction that occurred on 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 directly owns 20,824 shares of the company's stock, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of HG stock traded down $0.19 on Friday, reaching $18.67. The company had a trading volume of 530,599 shares, compared to its average volume of 650,983. The stock has a market capitalization of $1.89 billion, a PE ratio of 4.18 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The business's 50-day moving average is $18.73 and its 200 day moving average is $18.17. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $20.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $512.84 million during the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $0.41 EPS. Equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 EPS 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.