GAMMA Investing LLC Has $3.86 Million Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

GAMMA Investing LLC grew its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 3,303.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,616 shares of the company’s stock after buying an additional 18,069 shares during the quarter. GAMMA Investing LLC’s holdings in Hamilton Insurance Group were worth $3,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Kennedy Capital Management LLC boosted its holdings in shares of Hamilton Insurance Group by 179.6% in the 4th quarter. Kennedy Capital Management LLC now owns 403,129 shares of the company’s stock worth $7,672,000 after acquiring an additional 258,958 shares in the last quarter. FIL Ltd raised its position in Hamilton Insurance Group by 99.6% in the 4th quarter. FIL Ltd now owns 400,881 shares of the company’s stock valued at $7,629,000 after purchasing an additional 200,000 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Hamilton Insurance Group by 31.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company’s stock worth $12,222,000 after purchasing an additional 155,228 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Hamilton Insurance Group during the fourth quarter worth $2,926,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Hamilton Insurance Group by 19.7% during the fourth quarter. Lazard Asset Management LLC now owns 811,166 shares of the company’s stock worth $15,435,000 after purchasing an additional 133,646 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HG. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a report on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. BMO Capital Markets reissued a “market perform” rating and set a $23.00 price target on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Finally, Morgan Stanley boosted their price objective on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG opened at $20.96 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 1-year low of $15.19 and a 1-year high of $22.33. The stock has a market capitalization of $2.13 billion, a P/E ratio of 4.69 and a beta of 0.91. The business has a 50-day moving average price of $19.73 and a two-hundred day moving average price of $19.51.

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

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the transaction, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. This trade represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Therese M. Vaughan bought 4,750 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $21.05 per share, with a total value of $99,987.50. Following the completion of the transaction, the director now directly owns 20,892 shares in the company, valued at approximately $439,776.60. This trade represents a 29.43% increase in their position. The disclosure for this purchase can be found here. Insiders own 17.46% of the company’s stock.

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.