117,506 Hamilton Insurance Group, Ltd. $HG Shares Sold by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC cut its Hamilton Insurance Group stake by 97.5% in the second quarter, selling 117,506 shares and retaining 2,974 shares valued at approximately $101,000.
• Other institutional investors increased their positions, including Wellington Management, which raised its stake by 39.4% to 5.78 million shares. Institutions collectively own 29.17% of Hamilton Insurance Group.
• Hamilton reported quarterly EPS of $1.56 on $839.58 million in revenue, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $36.12.

Integrated Wealth Concepts LLC lessened its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 97.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,974 shares of the company's stock after selling 117,506 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Hamilton Insurance Group were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HG. Wellington Management Group LLP boosted its holdings in shares of Hamilton Insurance Group by 39.4% in the second quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company's stock worth $196,094,000 after buying an additional 1,633,397 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Hamilton Insurance Group by 10.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company's stock worth $44,659,000 after acquiring an additional 140,474 shares during the period. Donald Smith & CO. Inc. raised its position in Hamilton Insurance Group by 71.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company's stock worth $43,325,000 after acquiring an additional 646,106 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Hamilton Insurance Group by 32.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company's stock worth $40,312,000 after acquiring an additional 332,405 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Hamilton Insurance Group by 9.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company's stock worth $31,309,000 after acquiring an additional 90,655 shares during the last quarter. Institutional investors own 29.17% of the company's stock.

Insiders Place Their Bets

In other Hamilton Insurance Group news, Director David A. Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total value of $1,806,000.00. Following the sale, the director directly owned 400,000 shares in the company, valued at approximately $14,448,000. The trade was a 11.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy Duffin sold 28,500 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $34.53, for a total transaction of $984,105.00. Following the completion of the sale, the insider owned 223,459 shares in the company, valued at approximately $7,716,039.27. The trade was a 11.31% decrease in their position. The SEC filing for this sale provides additional information. 3.02% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $33.07 on Thursday. The stock has a 50-day moving average price of $35.01 and a 200 day moving average price of $32.79. The stock has a market capitalization of $3.26 billion, a P/E ratio of 5.76 and a beta of 0.31. Hamilton Insurance Group, Ltd. has a 12-month low of $22.66 and a 12-month high of $37.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%.The company had revenue of $839.58 million for the quarter. Equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on HG. Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Morgan Stanley lifted their price objective on Hamilton Insurance Group from $34.00 to $37.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded Hamilton Insurance Group from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Tuesday, September 22nd. Citizens Jmp increased their target price on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a "market outperform" rating in a report on Friday, August 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $36.12.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd. is a Bermuda-based specialty insurance and reinsurance company. Through its operating platforms, the company provides underwriting capacity for commercial and specialty risks, serving clients, brokers and strategic partners in insurance markets around the world.

Hamilton's business includes property and casualty insurance and reinsurance, with offerings spanning specialty lines such as marine, energy, aviation, professional liability and other commercial risks.

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