FIL Ltd Has $7.63 Million Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

FIL Ltd raised its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 99.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 400,881 shares of the company's stock after purchasing an additional 200,000 shares during the quarter. FIL Ltd owned 0.40% of Hamilton Insurance Group worth $7,629,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HG. JPMorgan Chase & Co. lifted its stake in Hamilton Insurance Group by 538.4% during the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after purchasing an additional 727,242 shares during the period. Private Management Group Inc. bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth about $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 valued at $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Geode Capital Management LLC boosted its position in Hamilton Insurance Group by 136.5% in the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock valued at $9,197,000 after buying an additional 274,483 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Hamilton Insurance Group during the fourth quarter worth about $2,362,000. Institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Trading Up 0.9 %

Shares of NYSE HG traded up $0.16 during mid-day trading on Friday, hitting $18.51. The company's stock had a trading volume of 335,821 shares, compared to its average volume of 504,451. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 4.14 and a beta of 0.47. The company's fifty day simple moving average is $19.58 and its 200-day simple moving average is $18.98. Hamilton Insurance Group, Ltd. has a one year low of $13.20 and a one year 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 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. On average, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a report on Friday, February 28th. Wells Fargo & Company cut their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock 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 stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of "Moderate Buy" and an average target price of $23.60.

Insider Buying and Selling at Hamilton Insurance Group

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 transaction, the chief executive officer now directly owns 199,923 shares of the company's stock, valued at $4,198,383. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 15,000 shares of company stock valued at $311,566. 2.70% of the stock is currently owned by company insiders.

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.