Allianz Asset Management GmbH Has $1.31 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Key Points

• Allianz Asset Management GmbH has reduced its stake in Hamilton Insurance Group by 25%, selling 21,060 shares, leaving it with 63,163 shares valued at approximately $1.31 million.
• Several large investors, including Victory Capital Management Inc. and Kennedy Capital Management LLC, significantly increased their holdings in Hamilton Insurance Group, showcasing growing interest from institutional investors.
• Director Therese M. Vaughan acquired 4,750 shares of Hamilton Insurance Group, while CEO Adrian Joseph Daws sold 6,000 shares, indicating mixed insider activity and sentiment within the company.

Allianz Asset Management GmbH trimmed its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,163 shares of the company's stock after selling 21,060 shares during the period. Allianz Asset Management GmbH owned about 0.06% of Hamilton Insurance Group worth $1,309,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sterling Capital Management LLC increased its holdings in shares of Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after acquiring an additional 1,133 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock worth $30,000 after purchasing an additional 685 shares in the last quarter. CWM LLC grew its holdings in shares of Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after purchasing an additional 1,075 shares in the last quarter. Bfsg LLC lifted its position in shares of Hamilton Insurance Group by 50.2% during the 1st quarter. Bfsg LLC now owns 6,103 shares of the company's stock worth $127,000 after buying an additional 2,040 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $206,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock traded down $0.11 during mid-day trading on Tuesday, reaching $21.27. 134,410 shares of the company were exchanged, compared to its average volume of 513,015. The company has a fifty day simple moving average of $21.25 and a 200-day simple moving average of $20.11. Hamilton Insurance Group, Ltd. has a 12 month low of $15.31 and a 12 month high of $22.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $2.16 billion, a PE ratio of 7.02 and a beta of 0.81.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 12.41% and a net margin of 13.28%. The firm had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. As a group, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, Director Therese M. Vaughan bought 4,750 shares of Hamilton Insurance Group stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $21.05 per share, with a total value of $99,987.50. Following the acquisition, the director owned 20,892 shares in the company, valued at $439,776.60. This trade represents a 29.43% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the sale, the chief executive officer directly owned 190,440 shares in the company, valued at approximately $4,189,680. This represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.46% of the company's stock.

Wall Street Analysts Forecast Growth

HG has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Wells Fargo & Company lowered their target price on Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Barclays increased their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.17.

Hamilton Insurance Group Company 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.