Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 212,586 shares of the company's stock after purchasing an additional 33,613 shares during the period. Bank of America Corp DE owned approximately 0.21% of Hamilton Insurance Group worth $4,046,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC boosted its stake in shares of Hamilton Insurance Group by 295.1% in the fourth 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 last quarter. Spire Wealth Management purchased a new position in shares of Hamilton Insurance Group during the 4th quarter valued at approximately $38,000. Bfsg LLC acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at $77,000. Morgan Dempsey Capital Management LLC purchased a new stake in Hamilton Insurance Group during the fourth quarter worth $147,000. Finally, Bellecapital International Ltd. acquired a new stake in Hamilton Insurance Group during the fourth quarter valued at $193,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Stock Up 0.5%

Shares of NYSE HG traded up $0.10 during midday trading on Friday, hitting $21.77. The company's stock had a trading volume of 448,977 shares, compared to its average volume of 521,767. Hamilton Insurance Group, Ltd. has a 1 year low of $15.19 and a 1 year high of $21.92. The business's fifty day simple moving average is $19.65 and its two-hundred day simple moving average is $19.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 4.87 and a beta of 0.61.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted 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 net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $843.31 million for the quarter, compared to the consensus estimate of $498.00 million. On average, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HG. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Wells Fargo & Company dropped their target price 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 raised their target price 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. Morgan Stanley raised their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.80.

Insiders Place Their Bets

In other news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the transaction, the chief executive officer now directly owns 199,923 shares of the company's stock, valued at $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 available through this link. Also, Director Therese M. Vaughan bought 4,750 shares of the business's stock in a transaction dated Monday, May 19th. The stock was acquired at an average cost of $21.05 per share, for a total transaction of $99,987.50. Following the completion of the acquisition, the director now directly owns 20,892 shares in the company, valued at approximately $439,776.60. This trade represents a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 15,000 shares of company stock valued at $311,566. 17.46% of the stock is currently owned by insiders.

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.