Ameriprise Financial Inc. Reduces Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Ameriprise Financial Inc. decreased its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 177,141 shares of the company's stock after selling 32,158 shares during the quarter. Ameriprise Financial Inc. owned 0.17% of Hamilton Insurance Group worth $3,371,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Algert Global LLC boosted its position in shares of Hamilton Insurance Group by 76.3% during the 4th quarter. Algert Global LLC now owns 22,668 shares of the company's stock valued at $431,000 after acquiring an additional 9,811 shares in the last quarter. Voleon Capital Management LP bought a new position in Hamilton Insurance Group during the fourth quarter worth about $1,027,000. PDT Partners LLC boosted its holdings in Hamilton Insurance Group by 13.8% during the fourth quarter. PDT Partners LLC now owns 42,616 shares of the company's stock valued at $811,000 after purchasing an additional 5,167 shares in the last quarter. Northern Trust Corp grew its stake in shares of Hamilton Insurance Group by 4.8% in the 4th quarter. Northern Trust Corp now owns 257,728 shares of the company's stock valued at $4,905,000 after purchasing an additional 11,701 shares during the period. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Hamilton Insurance Group by 10.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 372,750 shares of the company's stock worth $7,093,000 after buying an additional 34,185 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Stock Performance

HG stock traded up $0.73 during trading hours on Thursday, reaching $21.62. The stock had a trading volume of 574,207 shares, compared to its average volume of 522,067. The stock has a market capitalization of $2.19 billion, a PE ratio of 4.84 and a beta of 0.61. The stock has a 50-day simple moving average of $19.63 and a 200 day simple moving average of $19.29. Hamilton Insurance Group, Ltd. has a fifty-two week low of $15.19 and a fifty-two week high of $21.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick 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 for the quarter, topping the consensus estimate of $0.04 by $0.43. The business had revenue of $843.31 million during the quarter, compared to analysts' expectations of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the transaction, the chief executive officer now owns 203,847 shares in the company, valued at approximately $4,217,594.43. The trade was a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Therese M. Vaughan acquired 4,750 shares of the firm's stock in a transaction dated 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 now owns 20,892 shares of the company's stock, valued at approximately $439,776.60. This represents a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 15,000 shares of company stock valued at $311,566 over the last ninety days. 17.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HG. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a report on Friday, February 28th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. Wells Fargo & Company decreased 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 note on Thursday, April 10th. 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 report on Tuesday, March 11th. Finally, Morgan Stanley boosted their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.80.

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.