Allspring Global Investments Holdings LLC Has $1.55 Million Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Allspring Global Investments Holdings LLC increased its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 527.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,375 shares of the company's stock after purchasing an additional 67,560 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of Hamilton Insurance Group worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HG. Swiss National Bank acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth about $462,000. BNP Paribas Financial Markets acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth about $1,473,000. Sei Investments Co. grew its position in shares of Hamilton Insurance Group by 25.3% during the 1st quarter. Sei Investments Co. now owns 204,185 shares of the company's stock worth $2,844,000 after buying an additional 41,256 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth about $3,831,000. Finally, American Century Companies Inc. grew its position in shares of Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company's stock worth $34,704,000 after buying an additional 313,417 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Barclays assumed coverage on Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $26.00 price objective for the company. Morgan Stanley lowered Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 price objective for the company. in a research report on Monday, August 19th. Keefe, Bruyette & Woods boosted their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, August 14th. Finally, JMP Securities boosted their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a "market outperform" rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.43.

Hamilton Insurance Group Stock Performance

HG traded down $0.23 during trading hours on Thursday, reaching $17.42. The company's stock had a trading volume of 329,257 shares, compared to its average volume of 429,617. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The company's 50-day moving average is $18.67 and its 200-day moving average is $17.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $1.78 billion and a PE ratio of 4.21.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.29. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. The business had revenue of $587.94 million for the quarter, compared to analysts' expectations of $502.37 million. On average, equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.12 EPS for the current 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.