Deutsche Bank AG Boosts Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Deutsche Bank AG boosted its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 495.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,651 shares of the company's stock after acquiring an additional 82,906 shares during the period. Deutsche Bank AG owned about 0.10% of Hamilton Insurance Group worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HG. Sterling Capital Management LLC boosted its holdings 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 valued at $29,000 after buying an additional 1,133 shares in the last quarter. Spire Wealth Management purchased a new stake in Hamilton Insurance Group during the fourth quarter valued at approximately $38,000. Bfsg LLC purchased a new stake in Hamilton Insurance Group during the fourth quarter valued at approximately $77,000. Morgan Dempsey Capital Management LLC acquired a new stake in Hamilton Insurance Group in the fourth quarter valued at approximately $147,000. Finally, Bellecapital International Ltd. purchased a new position in Hamilton Insurance Group in the fourth quarter worth $193,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insider Activity at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $20.69, for a total transaction 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. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Therese M. Vaughan purchased 4,750 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average price of $21.05 per share, with a total value of $99,987.50. Following the transaction, the director now owns 20,892 shares in the company, valued at approximately $439,776.60. The trade was a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 15,000 shares of company stock worth $311,566. 17.46% of the stock is owned by company insiders.

Hamilton Insurance Group Stock Performance

HG traded up $0.73 during midday trading on Thursday, hitting $21.62. 574,207 shares of the company were exchanged, compared to its average volume of 522,067. The company's 50 day simple moving average is $19.64 and its 200 day simple moving average is $19.32. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 4.84 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 1-year low of $15.19 and a 1-year high of $21.68. The company has a current ratio of 0.77, a quick 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 data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $498.00 million. As a group, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HG has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley increased their price objective on shares of 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. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a report on Friday, February 28th. Finally, Wells Fargo & Company cut 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. One 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 has an average rating of "Moderate Buy" and a consensus 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.