Invesco Ltd. Purchases New Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Invesco Ltd. bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,455 shares of the company’s stock, valued at approximately $465,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Prospector Partners LLC boosted its stake in Hamilton Insurance Group by 68.3% during the 4th quarter. Prospector Partners LLC now owns 38,380 shares of the company’s stock valued at $730,000 after acquiring an additional 15,580 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Hamilton Insurance Group by 1.9% in the fourth quarter. Federated Hermes Inc. now owns 424,211 shares of the company’s stock worth $8,073,000 after purchasing an additional 7,886 shares during the period. Wells Fargo & Company MN lifted its position in shares of Hamilton Insurance Group by 28.8% in the 4th quarter. Wells Fargo & Company MN now owns 23,408 shares of the company’s stock worth $445,000 after buying an additional 5,234 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $482,000. Finally, Geode Capital Management LLC grew its position in shares of Hamilton Insurance Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 478,057 shares of the company’s stock valued at $9,097,000 after buying an additional 2,504 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG opened at $18.84 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 4.21 and a beta of 0.47. 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 12-month low of $14.04 and a 12-month high of $21.68. The stock has a 50 day simple moving average of $19.56 and a 200-day simple moving average of $18.97.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). The business had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. On average, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analyst Weigh In

HG has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on 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. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods increased 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. Finally, Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction that occurred on 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 directly owns 199,923 shares in the company, valued at $4,198,383. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 in the last 90 days. 17.46% of the stock is currently 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.