Dark Forest Capital Management LP Takes Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Dark Forest Capital Management LP purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,348 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sterling Capital Management LLC grew its position in Hamilton Insurance Group by 295.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after buying an additional 1,133 shares in the last quarter. Spire Wealth Management acquired a new stake in Hamilton Insurance Group during the fourth quarter worth about $38,000. Bfsg LLC acquired a new stake in Hamilton Insurance Group during the fourth quarter worth about $77,000. Morgan Dempsey Capital Management LLC acquired a new stake in Hamilton Insurance Group during the fourth quarter worth about $147,000. Finally, Bellecapital International Ltd. acquired a new stake in Hamilton Insurance Group during the fourth quarter worth about $193,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $18.34 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $1.86 billion, a P/E ratio of 4.10 and a beta of 0.47. The business’s fifty day moving average is $19.52 and its two-hundred day moving average is $18.98. Hamilton Insurance Group, Ltd. has a 52 week low of $13.36 and a 52 week high of $21.68.

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 the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. Equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the transaction, the chief executive officer now owns 203,847 shares of the company’s stock, valued at $4,217,594.43. This represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 15,000 shares of company stock valued at $311,566 over the last 90 days. 17.46% of the stock is owned by company insiders.

Analyst Ratings Changes

HG has been the topic of several recent analyst reports. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research note on Friday, February 28th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. Wells Fargo & Company decreased their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

About Hamilton Insurance Group

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.