Hamilton Insurance Group, Ltd. $HG Stock Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 8.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,800 shares of the company’s stock after selling 25,000 shares during the quarter. Hennessy Advisors Inc. owned about 0.26% of Hamilton Insurance Group worth $8,452,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HG. Vise Technologies Inc. boosted its position in shares of Hamilton Insurance Group by 68.0% during the 3rd quarter. Vise Technologies Inc. now owns 10,244 shares of the company’s stock worth $338,000 after acquiring an additional 4,146 shares in the last quarter. MGO One Seven LLC bought a new stake in Hamilton Insurance Group during the third quarter worth $210,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Hamilton Insurance Group by 36.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 76,650 shares of the company’s stock worth $2,533,000 after purchasing an additional 20,400 shares during the last quarter. Kendall Capital Management lifted its stake in Hamilton Insurance Group by 1.2% during the third quarter. Kendall Capital Management now owns 40,944 shares of the company’s stock worth $1,353,000 after purchasing an additional 475 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Hamilton Insurance Group by 83.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,871 shares of the company’s stock valued at $293,000 after purchasing an additional 4,029 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

HG stock opened at $35.02 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50-day moving average is $34.88 and its 200-day moving average is $32.29. The stock has a market capitalization of $3.45 billion, a PE ratio of 6.70 and a beta of 0.33. Hamilton Insurance Group, Ltd. has a 1 year low of $22.66 and a 1 year high of $37.31.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $0.91 by $0.87. The firm had revenue of $828.04 million during the quarter, compared to the consensus estimate of $693.46 million. Hamilton Insurance Group had a return on equity of 24.05% and a net margin of 16.83%. Equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.90 EPS for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Timothy Duffin sold 28,500 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the transaction, the insider owned 223,459 shares of the company’s stock, valued at $7,716,039.27. This trade represents a 11.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the completion of the sale, the director directly owned 400,000 shares in the company, valued at approximately $14,448,000. This represents a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HG has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a)” rating in a research report on Wednesday, October 21st. Citizens Jmp increased their price objective on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Hamilton Insurance Group in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $36.00.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.