Hamilton Insurance Group, Ltd. $HG Stock Holdings Increased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC raised its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 398.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 581,754 shares of the company’s stock after buying an additional 465,152 shares during the period. Bridgeway Capital Management LLC owned about 0.57% of Hamilton Insurance Group worth $12,060,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HG. Amalgamated Bank boosted its stake in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock worth $30,000 after acquiring an additional 685 shares in the last quarter. CWM LLC lifted its holdings in shares of Hamilton Insurance Group by 172.6% during the first quarter. CWM LLC now owns 1,698 shares of the company’s stock valued at $35,000 after purchasing an additional 1,075 shares during the last quarter. Bfsg LLC boosted its position in shares of Hamilton Insurance Group by 50.2% in the 1st quarter. Bfsg LLC now owns 6,103 shares of the company’s stock valued at $127,000 after purchasing an additional 2,040 shares during the period. Mackenzie Financial Corp purchased a new position in Hamilton Insurance Group in the 4th quarter worth about $206,000. Finally, ProShare Advisors LLC acquired a new stake in Hamilton Insurance Group during the 4th quarter worth about $212,000. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of HG opened at $24.28 on Thursday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 6.71 and a beta of 0.82. The company’s fifty day moving average is $22.19 and its 200-day moving average is $20.76. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 12 month low of $16.80 and a 12 month high of $24.54.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%.The company had revenue of $712.03 million for the quarter, compared to the consensus estimate of $519.50 million. Equities 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 recently issued reports on the stock. Citigroup started coverage on shares of Hamilton Insurance Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $25.00 price target on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $23.00 price target on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Keefe, Bruyette & Woods raised their price objective on Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Barclays upped their target price on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.43.

Insider Activity at Hamilton Insurance Group

In other news, insider Alexander James Baker sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the sale, the insider owned 116,338 shares of the company’s stock, valued at approximately $2,767,681.02. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.00, for a total transaction of $455,712.00. Following the sale, the insider owned 64,512 shares of the company’s stock, valued at $1,548,288. This trade represents a 22.74% decrease in their position. The disclosure for this sale can be found here. 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.