Bridgeway Capital Management LLC Invests $2.22 Million in Hamilton Insurance Group, Ltd. (NYSE:HG)

Bridgeway Capital Management LLC purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 116,602 shares of the company's stock, valued at approximately $2,219,000. Bridgeway Capital Management LLC owned about 0.12% of Hamilton Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC grew its position in Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company's stock worth $1,114,000 after acquiring an additional 51,561 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Hamilton Insurance Group by 90.0% during the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock valued at $1,845,000 after purchasing an additional 46,978 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hamilton Insurance Group by 538.4% during the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after purchasing an additional 727,242 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $449,000. Finally, Spire Wealth Management bought a new position in Hamilton Insurance Group in the 4th quarter valued at approximately $38,000. 29.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the business's 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 sale, the chief executive officer now directly owns 199,923 shares in the company, valued at approximately $4,198,383. The trade was a 1.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 15,000 shares of company stock valued at $311,566 in the last three months. Company insiders own 17.46% of the company's stock.

Hamilton Insurance Group Stock Up 0.9%

NYSE HG traded up $0.18 on Tuesday, reaching $20.66. The company had a trading volume of 386,742 shares, compared to its average volume of 518,315. Hamilton Insurance Group, Ltd. has a 52-week low of $15.19 and a 52-week high of $21.68. The stock has a market capitalization of $2.10 billion, a P/E ratio of 4.62 and a beta of 0.61. The company's fifty day moving average is $19.58 and its 200 day moving average is $19.05. 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 issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. The business had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HG. Wells Fargo & Company reduced their target price 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. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods raised their target price 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. Finally, Barclays set a $25.00 target price on Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

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.