Martingale Asset Management L P raised its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,314 shares of the company's stock after purchasing an additional 14,639 shares during the period. Martingale Asset Management L P owned approximately 0.09% of Hamilton Insurance Group worth $1,776,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in Hamilton Insurance Group during the 4th quarter worth approximately $38,000. Bfsg LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth $77,000. Toronto Dominion Bank acquired a new stake in shares of Hamilton Insurance Group during the third quarter worth $97,000. Morgan Dempsey Capital Management LLC bought a new stake in Hamilton Insurance Group in the 4th quarter valued at $147,000. Finally, Bellecapital International Ltd. acquired a new position in Hamilton Insurance Group in the 4th quarter worth $193,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have issued reports on HG. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company cut their target price on 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. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Finally, JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hamilton Insurance Group has a consensus rating of "Moderate Buy" and an average price target of $23.60.
Read Our Latest Report on Hamilton Insurance Group
Hamilton Insurance Group Trading Up 1.1 %
NYSE HG traded up $0.21 on Thursday, reaching $18.56. The company had a trading volume of 74,287 shares, compared to its average volume of 502,561. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 4.14 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. Hamilton Insurance Group, Ltd. has a fifty-two week low of $13.20 and a fifty-two week high of $21.68. The business has a 50 day moving average of $19.59 and a two-hundred day moving average of $18.99.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last released 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). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.
Insider Activity at Hamilton Insurance Group
In related news, CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the transaction, the chief executive officer now directly owns 199,923 shares of the company's stock, valued at approximately $4,198,383. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 15,000 shares of company stock valued at $311,566 over the last ninety days. Corporate insiders own 2.70% of the company's stock.
About Hamilton Insurance Group
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Free Report)
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.
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