Dynamic Technology Lab Private Ltd Invests $621,000 in Hamilton Insurance Group, Ltd. $HG

Key Points

• Dynamic Technology Lab Private Ltd has acquired 29,935 shares of Hamilton Insurance Group, valued at approximately $621,000, marking a new investment in the company.
• Several institutional investors, including Amalgamated Bank and CWM LLC, significantly increased their positions in Hamilton Insurance Group during the first quarter, indicating strong institutional interest.
• Analysts have varying outlooks on Hamilton Insurance Group, with four rating it as "Buy", suggesting positive growth expectations for the company.

Dynamic Technology Lab Private Ltd bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,935 shares of the company's stock, valued at approximately $621,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank lifted its position in shares of 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 lifted its position in shares of 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 lifted its position in shares of 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. Mackenzie Financial Corp bought a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $206,000. Finally, ProShare Advisors LLC acquired a new stake in Hamilton Insurance Group during the 4th quarter valued at $212,000. Institutional investors own 29.17% of the company's stock.

Insider Activity

In other news, insider Alexander James Baker sold 6,000 shares of Hamilton Insurance Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total value of $142,740.00. Following the completion of the sale, the insider directly owned 116,338 shares of the company's stock, valued at approximately $2,767,681.02. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith Donald Bernhard sold 47,000 shares of Hamilton Insurance Group stock in a transaction on Friday, September 5th. The shares were sold at an average price of $24.37, for a total value of $1,145,390.00. Following the completion of the sale, the insider directly owned 53,893 shares of the company's stock, valued at $1,313,372.41. This trade represents a 46.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,988 shares of company stock valued at $1,743,842. Company insiders own 17.46% of the company's stock.

Hamilton Insurance Group Trading Up 0.3%

Shares of NYSE HG traded up $0.08 during midday trading on Friday, hitting $24.35. The stock had a trading volume of 306,664 shares, compared to its average volume of 508,060. The company's 50-day simple moving average is $22.57 and its 200 day simple moving average is $21.05. The firm has a market cap of $2.44 billion, a P/E ratio of 6.73 and a beta of 0.82. Hamilton Insurance Group, Ltd. has a fifty-two week low of $16.80 and a fifty-two week high of $24.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.69.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.01 by $0.54. The company had revenue of $712.03 million during the quarter, compared to analysts' expectations of $519.50 million. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HG shares. Zacks Research upgraded Hamilton Insurance Group to a "hold" rating in a report on Tuesday, August 12th. Barclays raised their target price 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. Citigroup began coverage on Hamilton Insurance Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $25.00 target price for the company. JMP Securities raised their target price on Hamilton Insurance Group from $27.00 to $29.00 and gave the company a "market outperform" rating in a research note on Thursday, August 7th. Finally, Morgan Stanley restated a "cautious" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a research note on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.43.

Hamilton Insurance Group Profile

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.