Invesco Ltd. Takes $465,000 Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Invesco Ltd. purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,455 shares of the company's stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Hamilton Insurance Group by 538.4% during the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after buying an additional 727,242 shares during the period. Private Management Group Inc. acquired a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $10,511,000. Victory Capital Management Inc. purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth $2,362,000. Bank of New York Mellon Corp boosted its stake in Hamilton Insurance Group by 120.1% in the 4th quarter. Bank of New York Mellon Corp now owns 183,584 shares of the company's stock worth $3,494,000 after buying an additional 100,169 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at $1,743,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the sale, the chief executive officer now directly owns 199,923 shares of the company's stock, valued at approximately $4,198,383. This represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 over the last ninety days. 17.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HG has been the subject of a number of research analyst reports. Wells Fargo & Company dropped 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 note on Thursday, April 10th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and four have assigned 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 $23.60.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock traded up $0.36 during mid-day trading on Friday, hitting $20.64. 83,543 shares of the company's stock traded hands, compared to its average volume of 517,821. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 4.62 and a beta of 0.61. The firm has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $18.99. Hamilton Insurance Group, Ltd. has a fifty-two week low of $15.19 and a fifty-two week high of $21.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted 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 firm had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. On average, research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

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.