ExodusPoint Capital Management LP Takes $482,000 Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

ExodusPoint Capital Management LP purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,306 shares of the company's stock, valued at approximately $482,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company's stock valued at $2,143,000 after buying an additional 70,732 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Hamilton Insurance Group during the 3rd quarter valued at about $270,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Hamilton Insurance Group by 138.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,171 shares of the company's stock worth $758,000 after acquiring an additional 22,713 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Hamilton Insurance Group in the third quarter worth about $380,000. Finally, Janus Henderson Group PLC purchased a new stake in Hamilton Insurance Group in the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock traded up $0.16 during trading on Friday, reaching $18.51. The company's stock had a trading volume of 335,821 shares, compared to its average volume of 504,451. The business has a 50 day moving average price of $19.58 and a 200-day moving average price of $18.98. The company has a market capitalization of $1.88 billion, a P/E ratio of 4.14 and a beta of 0.47. 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, Ltd. has a 12-month low of $13.20 and a 12-month high of $21.68.

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

Insiders Place Their Bets

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the sale, the chief executive officer now directly owns 203,847 shares of the company's stock, valued at $4,217,594.43. The trade was a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. 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 research report on Tuesday, March 11th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, JMP Securities set a $27.00 target price on Hamilton Insurance Group in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.60.

Hamilton Insurance Group Profile

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.