Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Acquired by Prospector Partners LLC

Prospector Partners LLC boosted its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 68.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,380 shares of the company's stock after purchasing an additional 15,580 shares during the period. Prospector Partners LLC's holdings in Hamilton Insurance Group were worth $730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 70,732 shares during the last quarter. Barclays PLC increased its position in shares of Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company's stock valued at $1,114,000 after acquiring an additional 51,561 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Hamilton Insurance Group during the third quarter valued at about $525,000. Geode Capital Management LLC raised 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 acquiring an additional 274,483 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Hamilton Insurance Group by 90.0% in the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock worth $1,845,000 after acquiring an additional 46,978 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HG. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wells Fargo & Company dropped their target price on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods increased 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 report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.60.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the transaction, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. This represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Stock Down 2.3 %

NYSE HG traded down $0.41 during trading hours on Friday, hitting $17.27. 229,828 shares of the company were exchanged, compared to its average volume of 501,515. 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 firm has a market cap of $1.75 billion, a price-to-earnings ratio of 3.84 and a beta of 0.47. The company has a 50 day moving average of $19.63 and a two-hundred day moving average of $19.03. Hamilton Insurance Group, Ltd. has a 52-week low of $12.56 and a 52-week high of $21.68.

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 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 firm had revenue of $543.94 million for the quarter, compared to analysts' expectations of $460.17 million. Equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

About Hamilton Insurance Group

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.