Dark Forest Capital Management LP Acquires New Shares in Hamilton Insurance Group, Ltd. (NYSE:HG)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in Hamilton Insurance Group by 295.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock valued at $29,000 after purchasing an additional 1,133 shares during the last quarter. Spire Wealth Management bought a new stake in Hamilton Insurance Group in the fourth quarter valued at about $38,000. Bfsg LLC bought a new stake in Hamilton Insurance Group in the fourth quarter valued at about $77,000. Morgan Dempsey Capital Management LLC bought a new stake in Hamilton Insurance Group in the fourth quarter valued at about $147,000. Finally, Bellecapital International Ltd. bought a new stake in shares of Hamilton Insurance Group in the fourth quarter worth about $193,000. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Up 1.0 %

NYSE:HG 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 company has a market cap of $1.86 billion, a PE ratio of 4.10 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a 52-week low of $13.36 and a 52-week high of $21.68. The stock has a 50-day simple moving average of $19.52 and a 200 day simple moving average of $18.98.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data 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). The firm had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. On average, sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group 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 transaction of $79,485.00. Following the sale, the chief executive officer now directly owns 199,923 shares of the company’s stock, valued at approximately $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 15,000 shares of company stock valued at $311,566. 17.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research 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 report on Thursday, February 27th. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.60.

Hamilton Insurance Group Profile

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.