GAMMA Investing LLC Buys 18,069 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

GAMMA Investing LLC raised its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 3,303.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,616 shares of the company's stock after buying an additional 18,069 shares during the quarter. GAMMA Investing LLC's holdings in Hamilton Insurance Group were worth $3,860,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sterling Capital Management LLC lifted its position 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 worth $29,000 after acquiring an additional 1,133 shares during the period. Bfsg LLC acquired a new position in shares of Hamilton Insurance Group in the fourth quarter valued at $77,000. Morgan Dempsey Capital Management LLC bought a new position in Hamilton Insurance Group in the fourth quarter worth $147,000. Bellecapital International Ltd. acquired a new stake in Hamilton Insurance Group during the fourth quarter worth $193,000. Finally, US Bancorp DE increased its holdings in Hamilton Insurance Group by 86.2% in the 4th quarter. US Bancorp DE now owns 10,263 shares of the company's stock valued at $195,000 after buying an additional 4,750 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Price Performance

HG traded down $0.21 during trading on Friday, hitting $21.19. The company's stock had a trading volume of 154,572 shares, compared to its average volume of 528,242. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 4.74 and a beta of 0.91. The firm's 50 day moving average price is $19.79 and its two-hundred day moving average price is $19.53. Hamilton Insurance Group, Ltd. has a 12 month low of $15.19 and a 12 month high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released 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. The business had revenue of $843.31 million during the quarter, compared to analysts' expectations of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction dated 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 owns 199,923 shares of the company's stock, valued at approximately $4,198,383. This trade represents a 1.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Therese M. Vaughan purchased 4,750 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were acquired 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 of the company's stock, valued at $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. Insiders own 17.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods raised 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. Wells Fargo & Company lowered their price objective on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. Two investment analysts have 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.67.

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.