Bridgeway Capital Management LLC Purchases Shares of 116,602 Hamilton Insurance Group, Ltd. (NYSE:HG)

Bridgeway Capital Management LLC acquired a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 116,602 shares of the company’s stock, valued at approximately $2,219,000.

Several other large investors have also modified their holdings of HG. Sterling Capital Management LLC grew its holdings in Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock valued at $29,000 after buying an additional 1,133 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter worth $38,000. Bfsg LLC bought a new position in Hamilton Insurance Group during the fourth quarter worth $77,000. Morgan Dempsey Capital Management LLC acquired a new position in Hamilton Insurance Group during the 4th quarter valued at $147,000. Finally, Bellecapital International Ltd. bought a new stake in Hamilton Insurance Group in the 4th quarter valued at $193,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Trading Up 2.1 %

HG stock opened at $20.71 on Friday. Hamilton Insurance Group, Ltd. has a 1-year low of $15.19 and a 1-year high of $21.68. 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 business’s 50 day moving average is $19.59 and its 200-day moving average is $19.01. The firm has a market cap of $2.10 billion, a P/E ratio of 4.63 and a beta of 0.61.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.43. The firm had revenue of $843.31 million for the quarter, compared to analysts’ expectations of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HG has been the topic of several research reports. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company lowered 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. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a report on Friday, February 28th. 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 note on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 203,847 shares in the company, valued at $4,217,594.43. This represents a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 15,000 shares of company stock worth $311,566 in the last quarter. 17.46% of the stock is owned by corporate insiders.

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.