Charles Schwab Investment Management Inc. Grows Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Charles Schwab Investment Management Inc. increased its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 128,136 shares of the company's stock after buying an additional 17,342 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.13% of Hamilton Insurance Group worth $2,438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Hamilton Insurance Group by 198.2% in the third quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock worth $71,859,000 after buying an additional 2,469,422 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Hamilton Insurance Group by 538.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after acquiring an additional 727,242 shares during the period. Private Management Group Inc. purchased a new stake in Hamilton Insurance Group in the 4th quarter worth about $10,511,000. State Street Corp raised its stake in Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock valued at $10,301,000 after acquiring an additional 304,371 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Hamilton Insurance Group during the third quarter valued at about $9,419,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Price Performance

Shares of HG traded down $0.11 during mid-day trading on Wednesday, reaching $21.14. 449,146 shares of the stock traded hands, compared to its average volume of 486,157. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 4.73 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $21.68. The firm has a fifty day moving average price of $19.73 and a 200 day moving average price of $19.02. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

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

Insider Buying and Selling

In other news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 199,923 shares of the company's stock, valued at approximately $4,198,383. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 15,000 shares of company stock worth $311,566. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

HG has been the topic of several research reports. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Wells Fargo & Company increased their target price on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.80.

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.