Philadelphia Financial Management of San Francisco LLC Sells 102,321 Shares of Hamilton Insurance Group, Ltd. $HG

Key Points

• Philadelphia Financial Management of San Francisco LLC reduced its holdings in Hamilton Insurance Group, Ltd. by 12.5%, selling 102,321 shares and now owns 713,798 shares worth approximately $14.8 million.
• Several institutional investors, including Nuveen LLC and Wellington Management Group LLP, have significantly increased their stakes in Hamilton Insurance Group during the first quarter, indicating strong institutional interest.
• Hamilton Insurance Group recently reported quarterly earnings of $1.55 per share, exceeding estimates, and has a current consensus rating of "Hold" with a target price around $25.43.

Philadelphia Financial Management of San Francisco LLC trimmed its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 713,798 shares of the company's stock after selling 102,321 shares during the quarter. Hamilton Insurance Group accounts for 2.9% of Philadelphia Financial Management of San Francisco LLC's portfolio, making the stock its 13th biggest holding. Philadelphia Financial Management of San Francisco LLC owned about 0.70% of Hamilton Insurance Group worth $14,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank boosted its stake in Hamilton Insurance Group by 92.2% in 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. CWM LLC raised its holdings in Hamilton Insurance Group by 172.6% in the first quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after buying an additional 1,075 shares during the last quarter. Bfsg LLC lifted its stake in shares of Hamilton Insurance Group by 50.2% in the first quarter. Bfsg LLC now owns 6,103 shares of the company's stock worth $127,000 after buying an additional 2,040 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $206,000. Finally, ProShare Advisors LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $212,000. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG traded down $0.26 during midday trading on Tuesday, hitting $23.75. 447,979 shares of the company's stock traded hands, compared to its average volume of 539,157. The firm has a fifty day moving average of $22.40 and a 200 day moving average of $20.94. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $24.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.80 and a beta of 0.82.

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

Analysts Set New Price Targets

Several research firms recently issued reports on HG. Zacks Research raised Hamilton Insurance Group to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley reaffirmed a "cautious" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a report on Monday, August 18th. BMO Capital Markets reaffirmed a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Wall Street Zen lowered Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Barclays upped their target price on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $25.43.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the company'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 $1,548,288. This represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Keith Donald Bernhard sold 47,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $24.37, for a total value of $1,145,390.00. Following the completion of the sale, the insider owned 53,893 shares of the company's stock, valued at $1,313,372.41. The trade was a 46.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,988 shares of company stock valued at $1,743,842 over the last 90 days. 17.46% of the stock is currently owned by corporate insiders.

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.