Intech Investment Management LLC Acquires New Shares in Hamilton Insurance Group, Ltd. (NYSE:HG)

Intech Investment Management LLC bought a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,635 shares of the company's stock, valued at approximately $431,000.

Several other institutional investors have also recently added to or reduced their stakes in HG. Landscape Capital Management L.L.C. bought a new position in shares of Hamilton Insurance Group during the third quarter valued at approximately $197,000. Charles Schwab Investment Management Inc. grew its stake in 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 worth $2,143,000 after buying an additional 70,732 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Hamilton Insurance Group in the third quarter worth $270,000. Prospector Partners LLC bought a new stake in Hamilton Insurance Group in the third quarter valued at $441,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Hamilton Insurance Group by 154.5% during the third quarter. Quantbot Technologies LP now owns 101,901 shares of the company's stock valued at $1,971,000 after acquiring an additional 61,859 shares during the period. Institutional investors own 29.17% of the company's stock.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group 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 in the company, valued at $4,217,594.43. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by corporate insiders.

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Hamilton Insurance Group Stock Performance

HG traded down $0.27 during trading on Friday, hitting $21.32. The stock had a trading volume of 478,337 shares, compared to its average volume of 482,478. 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, Ltd. has a 12 month low of $12.44 and a 12 month high of $21.75. The company has a 50 day simple moving average of $19.60 and a 200-day simple moving average of $18.94. The firm has a market cap of $2.16 billion, a PE ratio of 4.77 and a beta of 0.92.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results 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). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. Analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. One 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.80.

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.