Denali Advisors LLC Purchases New Shares in Hamilton Insurance Group, Ltd. (NYSE:HG)

Denali Advisors LLC purchased a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 54,326 shares of the company's stock, valued at approximately $1,126,000. Denali Advisors LLC owned 0.05% of Hamilton Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HG. 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 worth $29,000 after buying an additional 1,133 shares during the period. Amalgamated Bank raised its holdings in Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock worth $30,000 after buying an additional 685 shares during the period. CWM LLC raised its holdings in Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after buying an additional 1,075 shares during the period. Bfsg LLC raised its holdings in Hamilton Insurance Group by 50.2% during the 1st quarter. Bfsg LLC now owns 6,103 shares of the company's stock worth $127,000 after buying an additional 2,040 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Hamilton Insurance Group during the 4th quarter worth about $206,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, Director Therese M. Vaughan bought 4,750 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the completion of the acquisition, the director owned 20,892 shares of the company's stock, valued at approximately $439,776.60. This trade represents a 29.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adrian Joseph Daws sold 6,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the sale, the chief executive officer owned 190,440 shares in the company, valued at $4,189,680. The trade was a 3.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. BMO Capital Markets reissued a "market perform" rating and issued a $23.00 price target on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Barclays boosted their price target on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, Morgan Stanley boosted their price target on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and an average target price of $24.17.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG traded up $0.48 during trading hours on Tuesday, reaching $21.51. The stock had a trading volume of 125,562 shares, compared to its average volume of 541,211. The business's fifty day moving average is $21.14 and its two-hundred day moving average is $19.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 7.10 and a beta of 0.82. Hamilton Insurance Group, Ltd. has a twelve month low of $15.31 and a twelve month high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 12.41% and a net margin of 13.28%. The business had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. As a group, research analysts expect 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.