Knights of Columbus Asset Advisors LLC Increases Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Knights of Columbus Asset Advisors LLC boosted its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 41.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,977 shares of the company's stock after buying an additional 33,573 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.11% of Hamilton Insurance Group worth $2,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Hamilton Insurance Group by 198.2% in the third quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock worth $71,859,000 after purchasing an additional 2,469,422 shares during the period. JPMorgan Chase & Co. raised its position in Hamilton Insurance Group by 538.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock valued at $16,677,000 after buying an additional 727,242 shares during the last quarter. Private Management Group Inc. purchased a new position in Hamilton Insurance Group during the fourth quarter worth about $10,511,000. State Street Corp lifted its position 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 buying an additional 304,371 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Hamilton Insurance Group during the third quarter worth $9,419,000. 29.17% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms recently commented on HG. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Wells Fargo & Company boosted their target price on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.80.

Insiders Place Their Bets

In related news, CEO Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the sale, the chief executive officer now owns 203,847 shares of the company's stock, valued at $4,217,594.43. The trade was a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 15,000 shares of company stock valued at $311,566. Insiders own 2.70% of the company's stock.

Hamilton Insurance Group Trading Up 1.6 %

Shares of NYSE:HG traded up $0.33 on Thursday, hitting $21.57. The company had a trading volume of 664,526 shares, compared to its average volume of 459,033. The firm's 50-day simple moving average is $19.56 and its two-hundred day simple moving average is $18.92. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 4.83 and a beta of 0.92. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $21.68.

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

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.