7,729 Shares in Hamilton Insurance Group, Ltd. (NYSE:HG) Purchased by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,729 shares of the company’s stock, valued at approximately $147,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP boosted its position in Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Spire Wealth Management purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $38,000. Bfsg LLC purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $77,000. Toronto Dominion Bank purchased a new position in Hamilton Insurance Group during the third quarter worth approximately $97,000. Finally, US Bancorp DE purchased a new position in Hamilton Insurance Group during the third quarter worth approximately $107,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $19.57 on Friday. The company has a market cap of $1.98 billion, a PE ratio of 4.38 and a beta of 1.02. The stock’s 50 day simple moving average is $18.88 and its 200-day simple moving average is $18.76. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $20.71. 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 (NYSE:HG) last released its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million during the quarter, compared to analysts’ expectations of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. As a group, equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company raised 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.80.

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.