Invesco Ltd. bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,455 shares of the company's stock, valued at approximately $465,000.
A number of other institutional investors have also made changes to their positions in the company. Spire Wealth Management bought a new position in Hamilton Insurance Group during the 4th quarter worth $38,000. Bfsg LLC acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter worth about $77,000. Morgan Dempsey Capital Management LLC bought a new stake in Hamilton Insurance Group in the 4th quarter valued at about $147,000. Bellecapital International Ltd. acquired a new position in Hamilton Insurance Group during the 4th quarter valued at about $193,000. Finally, US Bancorp DE grew its position in Hamilton Insurance Group by 86.2% in the 4th quarter. US Bancorp DE now owns 10,263 shares of the company's stock worth $195,000 after purchasing an additional 4,750 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors.
Hamilton Insurance Group Price Performance
NYSE:HG traded down $0.01 during trading hours on Tuesday, reaching $19.05. 454,348 shares of the company's stock were exchanged, compared to its average volume of 515,362. 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 company has a market capitalization of $1.93 billion, a P/E ratio of 4.26 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 12 month low of $14.29 and a 12 month high of $21.68. The business's 50-day simple moving average is $19.57 and its two-hundred day simple moving average is $18.98.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.
Wall Street Analyst Weigh In
HG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Wells Fargo & Company lowered their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.60.
Read Our Latest Analysis on Hamilton Insurance Group
Insider Transactions at Hamilton Insurance Group
In related news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction on 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 in the company, valued at $4,198,383. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 15,000 shares of company stock valued at $311,566 in the last three months. Corporate insiders own 17.46% of the company's stock.
About Hamilton Insurance Group
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Free Report)
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.
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