Voleon Capital Management LP Purchases Shares of 53,975 Hamilton Insurance Group, Ltd. (NYSE:HG)

Voleon Capital Management LP purchased a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 53,975 shares of the company's stock, valued at approximately $1,027,000. Voleon Capital Management LP owned 0.05% of Hamilton Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HG. Barclays PLC raised its stake in Hamilton Insurance Group by 845.0% in the third quarter. Barclays PLC now owns 57,663 shares of the company's stock valued at $1,114,000 after purchasing an additional 51,561 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock valued at $9,197,000 after buying an additional 274,483 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hamilton Insurance Group by 90.0% during the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock worth $1,845,000 after acquiring an additional 46,978 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Hamilton Insurance Group by 538.4% during 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 in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $311,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HG shares. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research note on Friday, February 28th. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. One equities research analyst has 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the transaction, the chief executive officer now directly owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 15,000 shares of company stock worth $311,566. 17.46% of the stock is currently owned by company insiders.

Hamilton Insurance Group Price Performance

Shares of NYSE HG traded up $0.10 during mid-day trading on Tuesday, hitting $19.16. 107,530 shares of the stock traded hands, compared to its average volume of 512,861. Hamilton Insurance Group, Ltd. has a twelve month low of $14.04 and a twelve month high of $21.68. The firm has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $18.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $1.94 billion, a PE ratio of 4.29 and a beta of 0.61.

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

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.