Allspring Global Investments Holdings LLC Has $845,000 Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Allspring Global Investments Holdings LLC decreased its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,750 shares of the company's stock after selling 12,539 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Hamilton Insurance Group were worth $845,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC grew its holdings in Hamilton Insurance Group by 19.7% during the fourth quarter. Lazard Asset Management LLC now owns 811,166 shares of the company's stock worth $15,435,000 after purchasing an additional 133,646 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Hamilton Insurance Group by 31.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company's stock worth $12,222,000 after acquiring an additional 155,228 shares during the period. Geode Capital Management LLC raised its position in shares of Hamilton Insurance Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 478,057 shares of the company's stock valued at $9,097,000 after buying an additional 2,504 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Hamilton Insurance Group by 1.9% in the fourth quarter. Federated Hermes Inc. now owns 424,211 shares of the company's stock valued at $8,073,000 after buying an additional 7,886 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Hamilton Insurance Group by 0.9% in the fourth quarter. Millennium Management LLC now owns 403,800 shares of the company's stock valued at $7,684,000 after buying an additional 3,722 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Trading Down 0.4%

HG opened at $21.11 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.71 and a quick ratio of 0.71. Hamilton Insurance Group, Ltd. has a fifty-two week low of $15.31 and a fifty-two week high of $22.33. The firm has a market capitalization of $2.14 billion, a PE ratio of 6.97 and a beta of 0.82. The company's 50-day moving average is $20.87 and its 200 day moving average is $19.81.

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, beating the consensus estimate of $0.04 by $0.43. The firm had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. As a group, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 190,440 shares of the company's stock, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Therese M. Vaughan acquired 4,750 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $21.05 per share, with a total value of $99,987.50. Following the completion of 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 disclosure for this purchase can be found here. Company insiders own 17.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets restated a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Morgan Stanley boosted their target price on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Wells Fargo & Company cut their price target 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. Finally, Barclays upped their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Hamilton Insurance Group has an average rating of "Moderate Buy" and an average price target of $23.67.

Hamilton Insurance Group 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.

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