GAMMA Investing LLC Has $3.86 Million Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

GAMMA Investing LLC increased its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 3,303.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kennedy Capital Management LLC increased its position in Hamilton Insurance Group by 179.6% in the 4th quarter. Kennedy Capital Management LLC now owns 403,129 shares of the company's stock worth $7,672,000 after purchasing an additional 258,958 shares during the last quarter. FIL Ltd boosted its stake in shares of Hamilton Insurance Group by 99.6% during the 4th quarter. FIL Ltd now owns 400,881 shares of the company's stock worth $7,629,000 after acquiring an additional 200,000 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Hamilton Insurance Group by 31.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company's stock worth $12,222,000 after acquiring an additional 155,228 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth about $2,926,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Hamilton Insurance Group by 19.7% during the 4th quarter. Lazard Asset Management LLC now owns 811,166 shares of the company's stock worth $15,435,000 after acquiring an additional 133,646 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insider Buying and Selling

In other Hamilton Insurance Group news, Director Therese M. Vaughan purchased 4,750 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $21.05 per share, with a total value of $99,987.50. Following the acquisition, the director now directly owns 20,892 shares of the company's stock, valued at approximately $439,776.60. This trade represents a 29.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $22.00, for a total value of $132,000.00. Following the sale, the chief executive officer now directly owns 190,440 shares of the company's stock, valued at $4,189,680. This represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. BMO Capital Markets restated a "market perform" rating and set a $23.00 target price on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Morgan Stanley increased their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.67.

Hamilton Insurance Group Stock Performance

Shares of HG stock traded down $0.31 during mid-day trading on Friday, reaching $21.08. The stock had a trading volume of 327,593 shares, compared to its average volume of 531,741. The firm's 50 day simple moving average is $19.86 and its 200 day simple moving average is $19.54. 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 one year low of $15.19 and a one year high of $22.33. The firm has a market cap of $2.14 billion, a PE ratio of 4.72 and a beta of 0.91.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced 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 return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. On average, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Company 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.