Bank of America Corp DE Raises Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Bank of America Corp DE grew its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 18.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 212,586 shares of the company's stock after acquiring an additional 33,613 shares during the period. Bank of America Corp DE owned about 0.21% of Hamilton Insurance Group worth $4,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in shares of Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after purchasing an additional 1,133 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $38,000. Bfsg LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $77,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $147,000. Finally, Bellecapital International Ltd. bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $193,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Stock Down 1.3%

HG stock traded down $0.30 during midday trading on Tuesday, hitting $22.02. The company's stock had a trading volume of 529,242 shares, compared to its average volume of 522,971. The company has a market cap of $2.23 billion, a PE ratio of 4.93 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 12 month low of $15.19 and a 12 month high of $22.49. 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 firm's 50-day moving average is $19.68 and its 200-day moving average is $19.41.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share 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 analyst estimates of $498.00 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. On average, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on HG. Morgan Stanley boosted their price target on Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Wells Fargo & Company lowered their price objective on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods upped their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.80.

Insider Buying and Selling at Hamilton Insurance Group

In related news, Director Therese M. Vaughan acquired 4,750 shares of Hamilton Insurance Group stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $21.05 per share, for a total transaction of $99,987.50. Following the purchase, the director now directly owns 20,892 shares of the company's stock, valued at approximately $439,776.60. This trade represents a 29.43% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adrian Joseph Daws sold 11,076 shares of the company's 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 completion of the sale, the chief executive officer now owns 203,847 shares of the company's stock, valued at $4,217,594.43. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,000 shares of company stock worth $311,566. Insiders own 17.46% of the company's stock.

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.