Alyeska Investment Group L.P. Decreases Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Alyeska Investment Group L.P. lowered its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 92.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,007 shares of the company's stock after selling 316,417 shares during the quarter. Alyeska Investment Group L.P.'s holdings in Hamilton Insurance Group were worth $495,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HG. Barclays PLC grew its stake in Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company's stock worth $1,114,000 after purchasing an additional 51,561 shares during the period. Franklin Resources Inc. grew its stake in shares of Hamilton Insurance Group by 90.0% in 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 during the period. JPMorgan Chase & Co. raised its stake in Hamilton Insurance Group by 538.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after buying an additional 727,242 shares during the period. Ameritas Advisory Services LLC acquired a new position in Hamilton Insurance Group during the 4th quarter worth approximately $449,000. Finally, Spire Wealth Management bought a new position in Hamilton Insurance Group in the fourth quarter worth approximately $38,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 in the last ninety days. Corporate insiders own 17.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $23.60.

Hamilton Insurance Group Stock Performance

Shares of HG traded down $0.19 during mid-day trading on Monday, hitting $20.46. 34,860 shares of the company traded hands, compared to its average volume of 515,454. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 4.57 and a beta of 0.61. The stock has a 50-day moving average price of $19.59 and a two-hundred day moving average price of $19.03. Hamilton Insurance Group, Ltd. has a 1 year low of $15.19 and a 1 year high of $21.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.43. The business had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current 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.