KLP Kapitalforvaltning AS Makes New $367,000 Investment in Hamilton Insurance Group, Ltd. (NYSE:HG)

KLP Kapitalforvaltning AS purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,300 shares of the company’s stock, valued at approximately $367,000.

Other hedge funds have also modified their holdings of the company. Quarry LP increased its position in shares of Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares during the last quarter. Spire Wealth Management bought a new stake in Hamilton Insurance Group in the 4th quarter valued at about $38,000. Bfsg LLC bought a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $77,000. Toronto Dominion Bank bought a new stake in shares of Hamilton Insurance Group during the 3rd quarter valued at $97,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in Hamilton Insurance Group during the fourth quarter worth about $147,000. 29.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HG has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods upped their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.80.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total transaction 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. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Stock Down 8.6 %

HG opened at $19.27 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $21.68. The firm has a market capitalization of $1.95 billion, a P/E ratio of 4.31 and a beta of 0.47. The company has a fifty day moving average price of $19.78 and a 200-day moving average price of $19.05.

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

Hamilton Insurance Group Company 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.