D. E. Shaw & Co. Inc. Sells 79,915 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

D. E. Shaw & Co. Inc. lowered its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 41.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,675 shares of the company's stock after selling 79,915 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of Hamilton Insurance Group worth $2,106,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Private Management Group Inc. bought a new stake in Hamilton Insurance Group during the 4th quarter valued at about $10,511,000. Kennedy Capital Management LLC boosted its holdings in shares of Hamilton Insurance Group by 179.6% in the fourth quarter. Kennedy Capital Management LLC now owns 403,129 shares of the company's stock worth $7,672,000 after buying an additional 258,958 shares during the last quarter. FIL Ltd lifted its holdings in Hamilton Insurance Group by 99.6% during the fourth quarter. FIL Ltd now owns 400,881 shares of the company's stock valued at $7,629,000 after purchasing an additional 200,000 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Hamilton Insurance Group during the fourth quarter valued at approximately $2,926,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth $2,362,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HG shares. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Wells Fargo & Company lowered 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 report on Thursday, April 10th. Morgan Stanley raised their price target on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Finally, 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $23.80.

Hamilton Insurance Group Trading Down 0.3%

Shares of HG stock traded down $0.06 on Friday, hitting $20.60. 464,093 shares of the stock traded hands, compared to its average volume of 519,695. The firm's 50-day moving average price is $19.64 and its two-hundred day moving average price is $19.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $2.09 billion, a PE ratio of 4.61 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a twelve month low of $15.19 and a twelve month high of $21.68.

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, topping analysts' consensus estimates of $0.04 by $0.43. The company had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. As a group, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the sale, the chief executive officer now directly owns 203,847 shares of the company's stock, valued at $4,217,594.43. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Therese M. Vaughan purchased 4,750 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were bought 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 now owns 20,892 shares of the company's stock, valued at approximately $439,776.60. This trade represents a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,000 shares of company stock worth $311,566. Company insiders own 17.46% of the company's stock.

About Hamilton Insurance Group

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.