Private Management Group Inc. Invests $10.51 Million in Hamilton Insurance Group, Ltd. (NYSE:HG)

Private Management Group Inc. bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 552,325 shares of the company's stock, valued at approximately $10,511,000. Private Management Group Inc. owned about 0.54% of Hamilton Insurance Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP increased its position in shares of Hamilton Insurance Group by 448.5% during the 3rd 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 third quarter valued at approximately $34,000. Spire Wealth Management bought a new position in Hamilton Insurance Group in the fourth quarter worth approximately $38,000. Toronto Dominion Bank purchased a new position in shares of Hamilton Insurance Group during the 3rd quarter worth $97,000. Finally, US Bancorp DE purchased a new position in shares of Hamilton Insurance Group during the 3rd quarter worth $107,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

NYSE:HG traded down $0.07 during trading hours on Friday, hitting $18.89. 283,713 shares of the stock traded hands, compared to its average volume of 351,025. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 4.23 and a beta of 1.02. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $20.71. The stock has a 50 day moving average price of $18.99 and a 200 day moving average price of $18.56. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results 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 net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $512.84 million for the quarter, compared to analysts' expectations of $515.96 million. During the same quarter in the previous year, the company earned $0.41 EPS. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their target price on Hamilton Insurance Group from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.20.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares of the company's stock, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.