124,130 Shares in Hamilton Insurance Group, Ltd. (NYSE:HG) Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. bought a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 124,130 shares of the company’s stock, valued at approximately $2,362,000.

Several other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Hamilton Insurance Group by 15.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 128,136 shares of the company’s stock valued at $2,438,000 after purchasing an additional 17,342 shares during the last quarter. Bellecapital International Ltd. bought a new position in Hamilton Insurance Group in the fourth quarter valued at $193,000. Morgan Dempsey Capital Management LLC acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at $147,000. US Bancorp DE increased its stake in Hamilton Insurance Group by 86.2% in the 4th quarter. US Bancorp DE now owns 10,263 shares of the company’s stock valued at $195,000 after buying an additional 4,750 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Hamilton Insurance Group by 120.1% during the 4th quarter. Bank of New York Mellon Corp now owns 183,584 shares of the company’s stock worth $3,494,000 after buying an additional 100,169 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the transaction, the chief executive officer now directly owns 203,847 shares of the company’s stock, valued at $4,217,594.43. This represents a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Hamilton Insurance Group Trading Up 1.8 %

Shares of NYSE:HG opened at $20.32 on Tuesday. The company has a 50-day simple moving average of $19.22 and a 200 day simple moving average of $18.84. The company has a market capitalization of $2.06 billion, a P/E ratio of 4.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $21.05.

Hamilton Insurance Group (NYSE:HG) last issued 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). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HG. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a report on Friday, February 28th. Wells Fargo & Company raised 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. Keefe, Bruyette & Woods boosted their price target 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. Finally, Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.80.

About Hamilton Insurance Group

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.