Public Employees Retirement System of Ohio Purchases New Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Public Employees Retirement System of Ohio bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,150 shares of the company's stock, valued at approximately $525,000.

Other large investors also recently modified their holdings of the company. Quarry LP boosted its position in Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company's stock valued at $32,000 after purchasing an additional 1,341 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Hamilton Insurance Group during the third quarter valued at $34,000. US Bancorp DE acquired a new position in shares of Hamilton Insurance Group during the third quarter valued at $107,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hamilton Insurance Group during the second quarter worth about $156,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Hamilton Insurance Group in the 3rd quarter worth about $197,000. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Trading Up 1.1 %

NYSE HG traded up $0.21 on Friday, hitting $19.17. 509,054 shares of the stock were exchanged, compared to its average volume of 425,286. The company's 50-day moving average price is $18.48 and its two-hundred day moving average price is $17.93. The company has a market capitalization of $1.94 billion and a price-to-earnings ratio of 4.29. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $20.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its earnings results 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. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $512.84 million during the quarter, compared to analysts' expectations of $515.96 million. During the same period in the previous year, the company earned $0.41 earnings per share. Research analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the sale, the chief accounting officer now owns 20,824 shares in the company, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays began coverage on Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $26.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus 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.