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

Morgan Dempsey Capital Management LLC acquired a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,729 shares of the company’s stock, valued at approximately $147,000.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock worth $2,143,000 after purchasing an additional 70,732 shares during the last quarter. Barclays PLC increased its position in Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after buying an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hamilton Insurance Group during the 3rd quarter valued at about $525,000. Geode Capital Management LLC increased its position in Hamilton Insurance Group by 136.5% during the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after buying an additional 274,483 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Hamilton Insurance Group by 90.0% during the 3rd 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 in the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Stock Up 1.1 %

Shares of HG stock opened at $19.57 on Friday. The stock’s 50-day simple moving average is $18.88 and its 200-day simple moving average is $18.76. 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 capitalization of $1.98 billion, a PE ratio of 4.38 and a beta of 1.02. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $20.71.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an “overweight” rating in a research report on Thursday. 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.