KLP Kapitalforvaltning AS Purchases New Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

KLP Kapitalforvaltning AS acquired a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,300 shares of the company's stock, valued at approximately $367,000.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Hamilton Insurance Group by 198.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock valued at $71,859,000 after acquiring an additional 2,469,422 shares during the period. JPMorgan Chase & Co. grew its position in shares of Hamilton Insurance Group by 538.4% in the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock valued at $16,677,000 after purchasing an additional 727,242 shares in the last quarter. Private Management Group Inc. bought a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at $10,511,000. State Street Corp lifted its holdings in 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 purchasing an additional 304,371 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after purchasing an additional 274,483 shares during the period. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock traded down $0.76 during mid-day trading on Thursday, hitting $17.69. 619,897 shares of the company traded hands, compared to its average volume of 502,503. The stock has a fifty day moving average price of $19.63 and a 200-day moving average price of $19.03. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 3.96 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a one year low of $12.56 and a one year high of $21.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77.

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

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total transaction of $79,485.00. Following the transaction, the chief executive officer now directly owns 199,923 shares in the company, valued at $4,198,383. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on HG. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Keefe, Bruyette & Woods upped 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Hamilton Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $23.60.

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.