Geode Capital Management LLC Purchases 274,483 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Geode Capital Management LLC raised its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 136.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 475,553 shares of the company's stock after purchasing an additional 274,483 shares during the period. Geode Capital Management LLC owned approximately 0.47% of Hamilton Insurance Group worth $9,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HG. Quarry LP raised its holdings in shares of Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company's stock valued at $32,000 after purchasing an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in Hamilton Insurance Group during the 3rd quarter valued at $34,000. US Bancorp DE purchased a new stake in Hamilton Insurance Group during the 3rd quarter valued at $107,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hamilton Insurance Group during the 2nd quarter valued at $156,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Hamilton Insurance Group in the 3rd quarter worth $197,000. Institutional investors own 29.17% of the company's stock.

Insiders Place Their Bets

In related news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the sale, the chief accounting officer now owns 20,824 shares of the company's stock, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

HG has been the topic of a number of recent research reports. Barclays assumed coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an "overweight" rating and a $26.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.60.

Hamilton Insurance Group Stock Performance

NYSE:HG traded down $0.34 during mid-day trading on Thursday, hitting $18.69. 460,129 shares of the company traded hands, compared to its average volume of 421,252. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock's fifty day moving average price is $18.57 and its 200-day moving average price is $18.04. The firm has a market cap of $1.89 billion and a price-to-earnings ratio of 4.18. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $20.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $512.84 million for the quarter, compared to analysts' expectations of $515.96 million. During the same period in the previous year, the firm earned $0.41 EPS. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

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.