Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Bought by Algert Global LLC

Algert Global LLC grew its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 76.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,668 shares of the company’s stock after buying an additional 9,811 shares during the quarter. Algert Global LLC’s holdings in Hamilton Insurance Group were worth $431,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HG. Barclays PLC lifted its holdings in shares of Hamilton Insurance Group by 845.0% in the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after buying an additional 51,561 shares during the period. 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 valued at $1,845,000 after buying an additional 46,978 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $449,000. Spire Wealth Management purchased a new position in Hamilton Insurance Group in the 4th quarter valued at approximately $38,000. Finally, Private Management Group Inc. purchased a new position in Hamilton Insurance Group in the 4th quarter valued at approximately $10,511,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the transaction, the chief executive officer now owns 203,847 shares in the company, valued at approximately $4,217,594.43. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 15,000 shares of company stock worth $311,566. 17.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HG has been the subject of several research analyst reports. Barclays set a $25.00 price objective 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 price objective on Hamilton Insurance Group in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods raised their price target on 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.60.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $20.71 on Monday. The company has a market cap of $2.10 billion, a P/E ratio of 4.63 and a beta of 0.61. 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, Ltd. has a 52 week low of $15.19 and a 52 week high of $21.68. The business has a fifty day simple moving average of $19.59 and a 200-day simple moving average of $19.03.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.43. The business had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS 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.