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

Allspring Global Investments Holdings LLC lessened its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 23.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,750 shares of the company's stock after selling 12,539 shares during the period. Allspring Global Investments Holdings LLC's holdings in Hamilton Insurance Group were worth $845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HG. Voya Investment Management LLC grew its holdings in shares of Hamilton Insurance Group by 3.2% during the fourth quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock worth $412,000 after purchasing an additional 679 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hamilton Insurance Group by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company's stock worth $429,000 after purchasing an additional 886 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Hamilton Insurance Group by 295.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after purchasing an additional 1,133 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Hamilton Insurance Group by 5.9% during the fourth quarter. California State Teachers Retirement System now owns 26,745 shares of the company's stock worth $509,000 after purchasing an additional 1,501 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Hamilton Insurance Group by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 24,525 shares of the company's stock worth $467,000 after purchasing an additional 1,586 shares during the last quarter. Institutional investors own 29.17% of the company's stock.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, Director Therese M. Vaughan purchased 4,750 shares of the company's stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $21.05 per share, with a total value of $99,987.50. Following the completion of the purchase, the director owned 20,892 shares in the company, valued at $439,776.60. This represents a 29.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of the business'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 in the company, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.46% of the stock is currently owned by insiders.

Hamilton Insurance Group Trading Down 0.3%

Shares of Hamilton Insurance Group stock traded down $0.07 during midday trading on Friday, reaching $20.55. The company had a trading volume of 549,159 shares, compared to its average volume of 542,962. The stock has a fifty day moving average price of $21.00 and a 200 day moving average price of $19.84. 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 $2.08 billion, a PE ratio of 7.52 and a beta of 0.82. Hamilton Insurance Group, Ltd. has a fifty-two week low of $15.31 and a fifty-two week high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Wall Street Analyst Weigh In

HG has been the topic of several research reports. Wells Fargo & Company reduced their price target on Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday. Barclays lifted their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Finally, Morgan Stanley lifted their price objective on 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.00.

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.