Wellington Management Group LLP Increases Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Wellington Management Group LLP raised its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 198.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,715,579 shares of the company's stock after purchasing an additional 2,469,422 shares during the period. Wellington Management Group LLP owned about 3.65% of Hamilton Insurance Group worth $71,859,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HG. Quarry LP raised its position in shares of Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company's stock worth $32,000 after purchasing an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in Hamilton Insurance Group during the third quarter worth $34,000. US Bancorp DE acquired a new position in shares of Hamilton Insurance Group in the third quarter worth $107,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Hamilton Insurance Group in the second quarter valued at $156,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Hamilton Insurance Group during the third quarter valued at $197,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays initiated coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $26.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Morgan Stanley lowered Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 price target on the stock. in a research note on Monday, August 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $22.60.

Hamilton Insurance Group Trading Up 1.1 %

Shares of HG traded up $0.21 during mid-day trading on Wednesday, hitting $19.20. The company had a trading volume of 367,878 shares, compared to its average volume of 426,215. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $20.71. The business's 50-day simple moving average is $18.40 and its 200-day simple moving average is $17.84. The stock has a market cap of $1.95 billion and a PE ratio of 4.24. 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 (NYSE:HG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share 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 company had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same quarter last year, the business earned $0.41 EPS. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Brian John Deegan sold 17,500 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the sale, the chief accounting officer now owns 20,824 shares in the company, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.70% of the company's stock.

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.