Wellington Management Group LLP Decreases Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Wellington Management Group LLP lessened its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,695,433 shares of the company's stock after selling 20,146 shares during the quarter. Wellington Management Group LLP owned 3.64% of Hamilton Insurance Group worth $70,324,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in Hamilton Insurance Group by 295.1% during the fourth 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 last quarter. Spire Wealth Management bought a new stake in Hamilton Insurance Group during the fourth quarter valued at about $38,000. Bfsg LLC bought a new stake in Hamilton Insurance Group during the fourth quarter valued at about $77,000. Morgan Dempsey Capital Management LLC bought a new stake in Hamilton Insurance Group during the fourth quarter valued at about $147,000. Finally, Bellecapital International Ltd. bought a new stake in Hamilton Insurance Group during the fourth quarter valued at about $193,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Insider Activity at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 203,847 shares of the company's stock, valued at approximately $4,217,594.43. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Therese M. Vaughan purchased 4,750 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $21.05 per share, with a total value of $99,987.50. Following the completion of the purchase, the director now owns 20,892 shares of the company's stock, valued at $439,776.60. The trade was a 29.43% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 15,000 shares of company stock valued at $311,566. Insiders own 17.46% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of NYSE HG traded up $0.51 during mid-day trading on Monday, reaching $22.27. The company's stock had a trading volume of 568,506 shares, compared to its average volume of 521,954. The firm has a market capitalization of $2.26 billion, a PE ratio of 4.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a fifty day moving average of $19.67 and a two-hundred day moving average of $19.39. Hamilton Insurance Group, Ltd. has a 52 week low of $15.19 and a 52 week high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. The firm had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. As a group, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on HG. Morgan Stanley boosted their price target on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company cut their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a report on Friday, February 28th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. One research analyst has 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 an average rating of "Moderate Buy" and an average 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.