Kennedy Capital Management LLC Buys 258,958 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Kennedy Capital Management LLC grew its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 179.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,129 shares of the company's stock after acquiring an additional 258,958 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.40% of Hamilton Insurance Group worth $7,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings 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 acquiring an additional 727,242 shares during the period. Private Management Group Inc. purchased a new position in Hamilton Insurance Group during the fourth quarter valued at approximately $10,511,000. State Street Corp increased its position in Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock worth $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock valued at $9,197,000 after purchasing an additional 274,483 shares during the last quarter. Finally, FIL Ltd grew its holdings in Hamilton Insurance Group by 99.6% during the fourth quarter. FIL Ltd now owns 400,881 shares of the company's stock valued at $7,629,000 after purchasing an additional 200,000 shares during the last quarter. 29.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HG. Keefe, Bruyette & Woods boosted their price target on 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 Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG traded down $0.08 during trading on Wednesday, hitting $18.45. 91,556 shares of the company were exchanged, compared to its average volume of 502,278. Hamilton Insurance Group, Ltd. has a 52-week low of $13.01 and a 52-week high of $21.68. The company has a market cap of $1.87 billion, a PE ratio of 4.13 and a beta of 0.47. 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 50 day moving average of $19.60 and a 200 day moving average of $18.99.

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 (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million during the quarter, compared to analysts' expectations 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, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $4,198,383. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 15,000 shares of company stock worth $311,566 over the last quarter. Corporate insiders own 2.70% of the company's stock.

Hamilton Insurance Group Company 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.