Fox Run Management L.L.C. Takes Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Fox Run Management L.L.C. acquired a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,368 shares of the company’s stock, valued at approximately $235,000.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Hamilton Insurance Group by 176.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after acquiring an additional 70,732 shares during the period. Barclays PLC boosted its position in Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after purchasing an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Hamilton Insurance Group in the third quarter valued at about $525,000. Geode Capital Management LLC raised its holdings in Hamilton Insurance Group by 136.5% in the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock worth $9,197,000 after purchasing an additional 274,483 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Hamilton Insurance Group by 90.0% during the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after buying an additional 46,978 shares during the last quarter. Institutional investors own 29.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company upped 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $23.80.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 199,923 shares of the company’s stock, valued at $4,198,383. This represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 15,000 shares of company stock worth $311,566 over the last three months. 2.70% of the stock is currently owned by insiders.

Hamilton Insurance Group Trading Up 1.6 %

NYSE HG opened at $21.57 on Friday. Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $21.68. The company has a fifty day simple moving average of $19.60 and a two-hundred day simple moving average of $18.94. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2.19 billion, a P/E ratio of 4.83 and a beta of 0.92.

Hamilton Insurance Group (NYSE:HG) last issued its 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). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $543.94 million during the quarter, compared to analysts’ expectations of $460.17 million. On average, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

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.