Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 279.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 471,128 shares of the company's stock after acquiring an additional 346,998 shares during the period. Victory Capital Management Inc. owned 0.46% of Hamilton Insurance Group worth $9,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in Hamilton Insurance Group by 19.7% during the fourth quarter. Lazard Asset Management LLC now owns 811,166 shares of the company's stock valued at $15,435,000 after acquiring an additional 133,646 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Hamilton Insurance Group by 31.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company's stock valued at $12,222,000 after acquiring an additional 155,228 shares during the last quarter. Geode Capital Management LLC lifted its position in Hamilton Insurance Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 478,057 shares of the company's stock valued at $9,097,000 after acquiring an additional 2,504 shares during the last quarter. Federated Hermes Inc. lifted its position in Hamilton Insurance Group by 1.9% during the fourth quarter. Federated Hermes Inc. now owns 424,211 shares of the company's stock valued at $8,073,000 after acquiring an additional 7,886 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Hamilton Insurance Group by 0.9% during the fourth quarter. Millennium Management LLC now owns 403,800 shares of the company's stock valued at $7,684,000 after acquiring an additional 3,722 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HG. Morgan Stanley increased their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Wells Fargo & Company decreased their price target on shares of Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Barclays raised their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $23.00 price target on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.17.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock traded down $0.14 during trading on Monday, hitting $21.42. 14,052 shares of the company's stock were exchanged, compared to its average volume of 517,663. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50-day simple moving average of $21.21 and a 200-day simple moving average of $20.02. Hamilton Insurance Group, Ltd. has a 52-week low of $15.31 and a 52-week high of $22.33. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 7.06 and a beta of 0.82.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.43. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. The firm had revenue of $843.31 million during the quarter, compared to analysts' expectations of $498.00 million. On average, research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In related news, 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 transaction of $132,000.00. Following the sale, the chief executive officer owned 190,440 shares in the company, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 purchased at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the transaction, the director owned 20,892 shares of the company's stock, valued at $439,776.60. This trade represents a 29.43% increase in their position. The disclosure for this purchase can be found here. Company insiders own 17.46% of the company's stock.

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.