Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by State of Wyoming

State of Wyoming decreased its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,997 shares of the company’s stock after selling 9,236 shares during the period. State of Wyoming’s holdings in Hamilton Insurance Group were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HG. Ameritas Advisory Services LLC bought a new position in shares of Hamilton Insurance Group during the 4th quarter valued at about $449,000. Spire Wealth Management bought a new stake in Hamilton Insurance Group during the fourth quarter worth approximately $38,000. Private Management Group Inc. acquired a new position in Hamilton Insurance Group in the fourth quarter worth approximately $10,511,000. Empowered Funds LLC acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at $1,743,000. Finally, Rhumbline Advisers boosted its stake in shares of Hamilton Insurance Group by 6.9% during the 4th quarter. Rhumbline Advisers now owns 57,207 shares of the company’s stock worth $1,089,000 after acquiring an additional 3,699 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HG. Keefe, Bruyette & Woods boosted their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley upped their price target on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.80.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the completion of the sale, the chief executive officer now directly owns 199,923 shares in the company, valued at $4,198,383. The trade was a 1.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 15,000 shares of company stock worth $311,566 in the last ninety days. Corporate insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Trading Up 0.8%

NYSE:HG opened at $21.24 on Tuesday. The stock has a market cap of $2.16 billion, a PE ratio of 4.75 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a fifty-two week low of $15.19 and a fifty-two week high of $21.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s 50-day moving average is $19.59 and its two-hundred day moving average is $19.17.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS 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 the consensus estimate of $498.00 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 forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal 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.