Hamilton Insurance Group, Ltd. $HG Stock Position Decreased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Hamilton Insurance Group by 21.8%, selling nearly 28,000 shares, leaving them with about 100,192 shares valued at approximately $2.08 million.
• Several investment firms increased their positions in Hamilton Insurance Group, with Private Management Group Inc. seeing the largest increase at 60.4% during the same quarter.
• Hamilton Insurance Group reported earnings of $1.55 per share, significantly surpassing analysts' expectations of $1.01, with a revenue of $712.03 million compared to the anticipated $519.50 million.

Charles Schwab Investment Management Inc. cut its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,192 shares of the company's stock after selling 27,944 shares during the period. Charles Schwab Investment Management Inc. owned about 0.10% of Hamilton Insurance Group worth $2,077,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank boosted its stake in Hamilton Insurance Group by 92.2% in 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 increased its holdings in Hamilton Insurance Group by 172.6% in the 1st quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after acquiring an additional 1,075 shares in the last quarter. Bfsg LLC increased its holdings in Hamilton Insurance Group by 50.2% in the 1st quarter. Bfsg LLC now owns 6,103 shares of the company's stock worth $127,000 after acquiring an additional 2,040 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth $206,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth $212,000. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Trading Up 0.3%

Shares of NYSE HG traded up $0.07 on Thursday, reaching $24.41. 190,128 shares of the company traded hands, compared to its average volume of 516,715. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a fifty-two week low of $16.80 and a fifty-two week high of $24.61. The stock has a market capitalization of $2.44 billion, a PE ratio of 6.75 and a beta of 0.82. The company has a 50 day moving average of $22.19 and a 200 day moving average of $20.76.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.54. The business had revenue of $712.03 million during the quarter, compared to analysts' expectations of $519.50 million. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. On average, equities research analysts forecast 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, insider Alexander James Baker sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total transaction of $142,740.00. Following the sale, the insider directly owned 116,338 shares of the company's stock, valued at approximately $2,767,681.02. This represents a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.00, for a total value of $455,712.00. Following the completion of the sale, the insider directly owned 64,512 shares in the company, valued at $1,548,288. This represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.46% of the company's stock.

Wall Street Analyst Weigh In

HG has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Zacks Research upgraded shares of Hamilton Insurance Group to a "hold" rating in a research note on Tuesday, August 12th. JMP Securities increased their price target on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the company a "market outperform" rating in a research note on Thursday, August 7th. BMO Capital Markets reissued a "market perform" rating and issued a $23.00 price objective on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.43.

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.