Victory Capital Management Inc. Makes New Investment in Hamilton Insurance Group, Ltd. (NYSE:HG)

Victory Capital Management Inc. purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 124,130 shares of the company's stock, valued at approximately $2,362,000. Victory Capital Management Inc. owned approximately 0.12% of Hamilton Insurance Group as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Hamilton Insurance Group by 15.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 128,136 shares of the company's stock valued at $2,438,000 after acquiring an additional 17,342 shares during the last quarter. Bellecapital International Ltd. bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $193,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $147,000. US Bancorp DE raised its position in Hamilton Insurance Group by 86.2% in the 4th quarter. US Bancorp DE now owns 10,263 shares of the company's stock worth $195,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Hamilton Insurance Group by 120.1% in the 4th quarter. Bank of New York Mellon Corp now owns 183,584 shares of the company's stock worth $3,494,000 after purchasing an additional 100,169 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

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Hamilton Insurance Group Trading Down 1.9 %

Shares of HG stock traded down $0.39 on Friday, hitting $20.78. The stock had a trading volume of 875,873 shares, compared to its average volume of 453,359. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.63. The firm has a market cap of $2.11 billion, a P/E ratio of 4.65 and a beta of 0.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $19.34 and a two-hundred day moving average price of $18.87.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly 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 analyst estimates of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. As a group, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the transaction, the chief executive officer now directly owns 203,847 shares of the company's stock, valued at approximately $4,217,594.43. This represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on HG. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Wells Fargo & Company lifted their target price on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a 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 stock. According to data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.80.

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.