Teacher Retirement System of Texas Has $605,000 Holdings in 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% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Amalgamated Bank raised its stake in shares of Hamilton Insurance Group by 92.2% during 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. Bfsg LLC raised its stake in shares of Hamilton Insurance Group by 50.2% during the 1st quarter. Bfsg LLC now owns 6,103 shares of the company's stock worth $127,000 after purchasing an additional 2,040 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Hamilton Insurance Group by 126.1% during the 1st quarter. SG Americas Securities LLC now owns 39,025 shares of the company's stock worth $809,000 after purchasing an additional 21,766 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Hamilton Insurance Group by 3,303.3% during the 1st quarter. GAMMA Investing LLC now owns 18,616 shares of the company's stock worth $3,860,000 after purchasing an additional 18,069 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Hamilton Insurance Group by 5.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Analyst Upgrades and Downgrades

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

Hamilton Insurance Group Stock Performance

HG stock traded up $0.43 during trading hours on Wednesday, hitting $21.17. 574,523 shares of the stock were exchanged, compared to its average volume of 542,133. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.15 billion, a P/E ratio of 6.99 and a beta of 0.82. The company has a 50-day simple moving average of $21.07 and a two-hundred day simple moving average of $19.87. 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 for the quarter, topping the consensus estimate of $0.04 by $0.43. The firm had revenue of $843.31 million for the quarter, compared to analysts' expectations of $498.00 million. Hamilton Insurance Group had a return on equity of 12.41% and a net margin of 13.28%. On average, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In related 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 cost of $21.05 per share, with a total value of $99,987.50. Following the acquisition, the director owned 20,892 shares in the company, valued at $439,776.60. This trade represents a 29.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Adrian Joseph Daws sold 6,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the sale, 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. Corporate 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.