Mariner LLC Makes New $571,000 Investment in Hamilton Insurance Group, Ltd. (NYSE:HG)

Mariner LLC bought a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,992 shares of the company's stock, valued at approximately $571,000.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Hamilton Insurance Group by 136.5% during the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after buying an additional 274,483 shares during the period. Barclays PLC lifted its holdings in shares of Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company's stock worth $1,114,000 after purchasing an additional 51,561 shares during the period. Franklin Resources Inc. increased its stake in Hamilton Insurance Group by 90.0% in the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock valued at $1,845,000 after buying an additional 46,978 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Hamilton Insurance Group by 538.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after acquiring an additional 727,242 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at about $449,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 15,000 shares of company stock valued at $311,566 in the last ninety days. Insiders own 17.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HG. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company reduced their price objective 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. Finally, Keefe, Bruyette & Woods lifted 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.60.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock traded down $0.01 during trading on Tuesday, hitting $19.05. 454,348 shares of the company were exchanged, compared to its average volume of 515,362. Hamilton Insurance Group, Ltd. has a fifty-two week low of $14.29 and a fifty-two week high of $21.68. 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 firm has a 50 day moving average price of $19.57 and a 200 day moving average price of $18.98. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 4.26 and a beta of 0.61.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). The company had revenue of $543.94 million during the quarter, compared to analysts' expectations of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal 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.