Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC increased its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,675 shares of the company’s stock after purchasing an additional 679 shares during the quarter. Voya Investment Management LLC’s holdings in Hamilton Insurance Group were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HG. Sterling Capital Management LLC grew its holdings in Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock valued at $29,000 after buying an additional 1,133 shares during the period. Spire Wealth Management purchased a new stake in Hamilton Insurance Group in the fourth quarter valued at approximately $38,000. Bfsg LLC purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $77,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at $147,000. Finally, Bellecapital International Ltd. purchased a new position in shares of Hamilton Insurance Group in the 4th quarter worth $193,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Up 2.1 %

HG opened at $20.71 on Friday. The firm’s 50 day moving average is $19.59 and its 200-day moving average is $19.02. Hamilton Insurance Group, Ltd. has a 52-week low of $15.19 and a 52-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 market capitalization of $2.10 billion, a P/E ratio of 4.63 and a beta of 0.61.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.43. The firm had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. Analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company dropped 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 report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.60.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the sale, the chief executive officer now owns 199,923 shares of the company’s stock, valued at approximately $4,198,383. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 15,000 shares of company stock worth $311,566 in the last 90 days. 17.46% of the stock is owned by corporate insiders.

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.