Jump Financial LLC Sells 19,452 Shares of Hamilton Insurance Group, Ltd. $HG

Key Points

• Jump Financial LLC reduced its stake in Hamilton Insurance Group by 41.4%, selling 19,452 shares and retaining 27,548 shares worth approximately $571,000.
• Several institutional investors, including Nuveen LLC and Wellington Management Group LLP, made significant changes to their positions in Hamilton Insurance Group during the first quarter.
• The stock has seen a range of price targets from various analysts, with a consensus target of $25.43 and ratings ranging from "Buy" to "Sell."

Jump Financial LLC lessened its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 41.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,548 shares of the company's stock after selling 19,452 shares during the period. Jump Financial LLC's holdings in Hamilton Insurance Group were worth $571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Amalgamated Bank grew its position 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 acquiring an additional 685 shares during the period. Arizona State Retirement System bought a new position in shares of Hamilton Insurance Group in the 1st quarter valued at about $267,000. Victory Capital Management Inc. boosted its holdings in shares of Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock worth $9,766,000 after buying an additional 346,998 shares during the period. Swiss National Bank boosted its holdings in shares of Hamilton Insurance Group by 60.4% during the 1st quarter. Swiss National Bank now owns 87,100 shares of the company's stock worth $1,806,000 after buying an additional 32,800 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Hamilton Insurance Group by 18.8% during the 4th quarter. Bank of America Corp DE now owns 212,586 shares of the company's stock worth $4,046,000 after buying an additional 33,613 shares during the period. Institutional investors own 29.17% of the company's stock.

Wall Street Analyst Weigh In

HG has been the subject of several research analyst reports. Morgan Stanley reaffirmed a "cautious" rating and set a $23.00 target price on shares of Hamilton Insurance Group in a report on Monday, August 18th. Wall Street Zen downgraded shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Citigroup initiated coverage on shares of Hamilton Insurance Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $25.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $25.43.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock traded up $0.09 during midday trading on Thursday, hitting $24.43. The company's stock had a trading volume of 214,567 shares, compared to its average volume of 516,805. Hamilton Insurance Group, Ltd. has a 1-year low of $16.80 and a 1-year high of $24.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.69. The company has a 50-day moving average price of $22.19 and a two-hundred day moving average price of $20.76. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 6.75 and a beta of 0.82.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. The business had revenue of $712.03 million during the quarter, compared to analysts' expectations of $519.50 million. As a group, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Activity at Hamilton Insurance Group

In other news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $24.00, for a total value of $455,712.00. Following the completion of the transaction, the insider directly owned 64,512 shares in the company, valued at approximately $1,548,288. The trade was a 22.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander James Baker sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total transaction of $142,740.00. Following the completion of the transaction, the insider owned 116,338 shares of the company's stock, valued at $2,767,681.02. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.46% of the stock is currently owned by insiders.

Hamilton Insurance Group 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.