Victory Capital Management Inc. Purchases New Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Victory Capital Management Inc. acquired a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 124,130 shares of the company’s stock, valued at approximately $2,362,000. Victory Capital Management Inc. owned about 0.12% of Hamilton Insurance Group at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP increased its stake in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after buying an additional 1,341 shares in the last quarter. Spire Wealth Management bought a new stake in Hamilton Insurance Group during the 4th quarter worth about $38,000. Bfsg LLC acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at about $77,000. Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group in the third quarter worth about $97,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth approximately $147,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the sale, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. This represents a 5.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.

Hamilton Insurance Group Stock Performance

HG stock opened at $20.32 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.05. The business’s fifty day moving average is $19.22 and its 200-day moving average is $18.84. The company has a market cap of $2.06 billion, a P/E ratio of 4.55 and a beta of 0.92.

Hamilton Insurance Group (NYSE:HG) last released its 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 company had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. Equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HG. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a report on Friday, February 28th. Keefe, Bruyette & Woods boosted their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Wells Fargo & Company upped their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.80.

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.