Balyasny Asset Management L.P. Acquires New Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Balyasny Asset Management L.P. bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 153,736 shares of the company's stock, valued at approximately $2,926,000. Balyasny Asset Management L.P. owned about 0.15% of Hamilton Insurance Group at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after buying an additional 1,133 shares during the period. Spire Wealth Management purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at $38,000. Bfsg LLC purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at $77,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth about $147,000. Finally, Bellecapital International Ltd. purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth about $193,000. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Wells Fargo & Company cut their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hamilton Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $23.60.

Insider Activity

In other Hamilton Insurance Group 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 transaction 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 SEC, which can be accessed through this link. Insiders have sold a total of 15,000 shares of company stock worth $311,566 over the last 90 days. 17.46% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Stock Up 2.2%

HG traded up $0.45 on Thursday, hitting $20.86. The company had a trading volume of 380,024 shares, compared to its average volume of 518,366. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 4.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a fifty day moving average price of $19.57 and a 200-day moving average price of $19.07. Hamilton Insurance Group, Ltd. has a 12-month low of $15.19 and a 12-month high of $21.68.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $843.31 million during the quarter, compared to analysts' expectations of $498.00 million. Analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

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.