Teacher Retirement System of Texas Sells 147,594 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Teacher Retirement System of Texas lowered its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 83.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,170 shares of the company's stock after selling 147,594 shares during the quarter. Teacher Retirement System of Texas' holdings in Hamilton Insurance Group were worth $605,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after acquiring an additional 1,133 shares during the period. Amalgamated Bank boosted its holdings in shares of Hamilton Insurance Group by 92.2% in the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock valued at $30,000 after buying an additional 685 shares during the period. Bfsg LLC boosted its holdings in shares of Hamilton Insurance Group by 50.2% in the 1st quarter. Bfsg LLC now owns 6,103 shares of the company's stock valued at $127,000 after buying an additional 2,040 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $206,000. Finally, ProShare Advisors LLC acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $212,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HG shares. Morgan Stanley upped their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Barclays upped their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Wells Fargo & Company dropped their target price on shares of Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $24.17.

Hamilton Insurance Group Stock Down 0.6%

HG stock traded down $0.13 during trading hours on Friday, hitting $21.15. The company's stock had a trading volume of 756,316 shares, compared to its average volume of 542,680. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $21.14 and a two-hundred day moving average price of $19.91. The company has a market capitalization of $2.15 billion, a PE ratio of 6.98 and a beta of 0.82. Hamilton Insurance Group, Ltd. has a 12 month low of $15.31 and a 12 month high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) 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 the consensus estimate of $498.00 million. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. On average, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, Director Therese M. Vaughan bought 4,750 shares of Hamilton Insurance Group stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $21.05 per share, with a total value of $99,987.50. Following the purchase, the director owned 20,892 shares of the company's stock, valued at $439,776.60. This trade represents a 29.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the chief executive officer directly owned 190,440 shares in the company, valued at $4,189,680. This trade represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.46% of the company's stock.

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.