Dynamic Technology Lab Private Ltd Purchases New Position 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 acquired a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,935 shares of the company's stock, valued at approximately $621,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Millennium Management LLC raised its holdings in shares of Hamilton Insurance Group by 9.7% in the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company's stock valued at $9,180,000 after acquiring an additional 39,020 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hamilton Insurance Group by 9.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company's stock valued at $510,000 after acquiring an additional 2,071 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Hamilton Insurance Group by 398.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company's stock valued at $12,060,000 after acquiring an additional 465,152 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Hamilton Insurance Group by 186.0% in the 1st quarter. AQR Capital Management LLC now owns 57,399 shares of the company's stock valued at $1,190,000 after acquiring an additional 37,329 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in shares of Hamilton Insurance Group by 983.7% in the 1st quarter. Dark Forest Capital Management LP now owns 177,162 shares of the company's stock valued at $3,673,000 after acquiring an additional 160,814 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insider Activity

In other news, insider Alexander James Baker sold 6,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 116,338 shares in the company, valued at approximately $2,767,681.02. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Keith Donald Bernhard sold 47,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $24.37, for a total value of $1,145,390.00. Following the transaction, the insider owned 53,893 shares in the company, valued at $1,313,372.41. The trade was a 46.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,988 shares of company stock valued at $1,743,842 in the last ninety days. Insiders own 17.46% of the company's stock.

Hamilton Insurance Group Stock Down 0.1%

NYSE:HG traded down $0.04 during trading hours on Monday, reaching $24.26. 25,125 shares of the company traded hands, compared to its average volume of 512,067. The business's 50-day moving average price is $22.57 and its two-hundred day moving average price is $21.08. The stock has a market capitalization of $2.43 billion, a P/E ratio of 6.70 and a beta of 0.81. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $24.67. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.54. The firm 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%. Analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Barclays increased their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods increased their price objective on Hamilton Insurance Group from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research upgraded Hamilton Insurance Group to a "hold" rating in a research report on Tuesday, August 12th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of "Hold" and an average target price of $25.43.

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.