Cim LLC Buys Shares of 14,545 Hamilton Insurance Group, Ltd. (NYSE:HG)

Cim LLC bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,545 shares of the company's stock, valued at approximately $277,000.

A number of other institutional investors have also recently bought and sold shares of HG. Spire Wealth Management bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at $38,000. Private Management Group Inc. bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $10,511,000. Empowered Funds LLC bought a new stake in Hamilton Insurance Group during the 4th quarter valued at $1,743,000. Rhumbline Advisers increased its holdings in shares of Hamilton Insurance Group by 6.9% in the fourth quarter. Rhumbline Advisers now owns 57,207 shares of the company's stock worth $1,089,000 after purchasing an additional 3,699 shares during the period. Finally, Bfsg LLC purchased a new position in Hamilton Insurance Group in the fourth quarter worth $77,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Stock Performance

NYSE:HG traded up $0.10 during trading hours on Friday, reaching $21.77. 448,977 shares of the company's stock were exchanged, compared to its average volume of 521,655. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 4.87 and a beta of 0.61. The company has a 50-day moving average of $19.65 and a 200 day moving average of $19.34. 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, Ltd. has a 1-year low of $15.19 and a 1-year high of $21.92.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share (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 business had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Activity

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the company's stock in a transaction dated Friday, March 7th. The shares were 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 represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Therese M. Vaughan acquired 4,750 shares of Hamilton Insurance Group stock in a transaction dated Monday, May 19th. The shares were bought at an average cost of $21.05 per share, with a total value of $99,987.50. Following the completion of the purchase, the director now owns 20,892 shares in the company, valued at approximately $439,776.60. This represents a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 15,000 shares of company stock worth $311,566 over the last 90 days. Company insiders own 17.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a report on Friday, February 28th. Wells Fargo & Company dropped their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Morgan Stanley boosted their price target on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.80.

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.