Financial Management Professionals Inc. Takes Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Financial Management Professionals Inc. acquired a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,764 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors have also recently made changes to their positions in HG. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Hamilton Insurance Group during the second quarter valued at approximately $34,000. American International Group Inc. bought a new position in shares of Hamilton Insurance Group during the first quarter valued at approximately $115,000. Rhumbline Advisers raised its holdings in shares of Hamilton Insurance Group by 52.0% during the second quarter. Rhumbline Advisers now owns 25,068 shares of the company’s stock valued at $417,000 after acquiring an additional 8,572 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hamilton Insurance Group during the second quarter valued at approximately $156,000. Finally, Fifth Lane Capital LP bought a new position in shares of Hamilton Insurance Group during the first quarter valued at approximately $151,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $17.53 on Monday. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $20.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day moving average price of $18.80 and a 200-day moving average price of $17.00. The company has a market capitalization of $1.95 billion and a PE ratio of 5.33.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $587.94 million during the quarter, compared to the consensus estimate of $502.37 million. As a group, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HG. Keefe, Bruyette & Woods upped their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Wells Fargo & Company increased their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays initiated coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price objective for the company. Morgan Stanley downgraded Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective for the company. in a report on Monday, August 19th. Finally, JMP Securities increased their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.43.

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.