Kennedy Capital Management LLC Acquires 42,217 Shares of Hamilton Insurance Group, Ltd. $HG

Kennedy Capital Management LLC grew its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 20.0% during the fourth quarter, Holdings Channel reports. The firm owned 253,761 shares of the company’s stock after purchasing an additional 42,217 shares during the period. Kennedy Capital Management LLC’s holdings in Hamilton Insurance Group were worth $7,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HG. Kestra Advisory Services LLC bought a new position in shares of Hamilton Insurance Group during the 4th quarter valued at $25,000. Chesapeake Asset Management LLC raised its holdings in shares of Hamilton Insurance Group by 487.8% during the 4th quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after purchasing an additional 1,000 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Hamilton Insurance Group by 112.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after purchasing an additional 937 shares in the last quarter. Strs Ohio bought a new position in shares of Hamilton Insurance Group during the 1st quarter valued at $112,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Hamilton Insurance Group by 24.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after purchasing an additional 1,101 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $31.50 on Tuesday. Hamilton Insurance Group, Ltd. has a 1 year low of $20.44 and a 1 year high of $33.72. The firm’s fifty day simple moving average is $31.17 and its 200 day simple moving average is $29.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3.13 billion, a PE ratio of 5.15 and a beta of 0.45.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The business had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. On average, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HG. Morgan Stanley raised their price target on shares of Hamilton Insurance Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Barclays raised their price target on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Wall Street Zen upgraded shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Insiders Place Their Bets

In other Hamilton Insurance Group news, Treasurer Jonathan B. Levenson sold 6,075 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total value of $185,955.75. Following the sale, the treasurer directly owned 39,629 shares in the company, valued at $1,213,043.69. This trade represents a 13.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Brian John Deegan sold 11,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total transaction of $337,590.00. Following the completion of the sale, the chief accounting officer owned 71,347 shares in the company, valued at $2,189,639.43. This represents a 13.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,105 shares of company stock worth $2,220,158 in the last ninety days. Insiders own 3.02% of the company’s stock.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.