Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 126.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,025 shares of the company's stock after purchasing an additional 21,766 shares during the period. SG Americas Securities LLC's holdings in Hamilton Insurance Group were worth $809,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HG. Kennedy Capital Management LLC grew its holdings in shares of Hamilton Insurance Group by 179.6% in the fourth 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 lifted its stake in Hamilton Insurance Group by 99.6% in the fourth quarter. FIL Ltd now owns 400,881 shares of the company's stock worth $7,629,000 after acquiring an additional 200,000 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Hamilton Insurance Group by 31.9% in the fourth 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 during the period. Balyasny Asset Management L.P. purchased a new stake in Hamilton Insurance Group in the fourth quarter worth about $2,926,000. Finally, Lazard Asset Management LLC lifted its stake in Hamilton Insurance Group by 19.7% in the fourth 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 during the period. 29.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hamilton Insurance Group

In related news, Director Therese M. Vaughan purchased 4,750 shares of Hamilton Insurance Group stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the acquisition, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adrian Joseph Daws sold 6,000 shares of Hamilton Insurance Group stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the transaction, the chief executive officer now owns 190,440 shares in the company, valued at approximately $4,189,680. This represents a 3.05% decrease in their position. The disclosure for this sale can be found here. 17.46% of the stock is currently owned by insiders.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock traded up $0.24 during trading on Monday, reaching $21.15. The company had a trading volume of 242,085 shares, compared to its average volume of 533,858. The firm's 50-day simple moving average is $20.15 and its 200 day simple moving average is $19.61. Hamilton Insurance Group, Ltd. has a 1-year low of $15.19 and a 1-year high of $22.33. The firm has a market capitalization of $2.15 billion, a PE ratio of 6.98 and a beta of 0.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.71 and a current ratio of 0.71.

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 firm had revenue of $843.31 million for the quarter, compared to analysts' expectations of $498.00 million. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. As a group, equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on HG shares. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Wells Fargo & Company decreased their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley increased their price target 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 research report on Friday, February 28th. Finally, Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.