Point72 Asset Management L.P. Sells 12,174 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Point72 Asset Management L.P. lowered its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 78.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,278 shares of the company's stock after selling 12,174 shares during the quarter. Point72 Asset Management L.P.'s holdings in Hamilton Insurance Group were worth $62,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HG. Sterling Capital Management LLC raised its position in shares of 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 buying an additional 1,133 shares during the last quarter. Spire Wealth Management bought a new position in Hamilton Insurance Group during the fourth quarter valued at about $38,000. Bfsg LLC acquired a new position in Hamilton Insurance Group in the 4th quarter valued at approximately $77,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $147,000. Finally, Bellecapital International Ltd. acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $193,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Price Performance

NYSE:HG traded up $0.15 on Friday, reaching $21.82. The stock had a trading volume of 55,335 shares, compared to its average volume of 520,251. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $2.21 billion, a P/E ratio of 4.87 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 1-year low of $15.19 and a 1-year high of $21.96. The stock has a fifty day moving average price of $19.64 and a 200-day moving average price of $19.32.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.04 by $0.43. The business had revenue of $843.31 million for the quarter, compared to the consensus estimate of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wells Fargo & Company decreased their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods raised their price target on shares of 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group has an average rating of "Moderate Buy" and a consensus price target of $23.80.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the sale, the chief executive officer now owns 199,923 shares of the company's stock, valued at $4,198,383. This trade represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Therese M. Vaughan acquired 4,750 shares of the firm's stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the completion of the transaction, the director now directly owns 20,892 shares in the company, valued at approximately $439,776.60. The trade was a 29.43% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 15,000 shares of company stock worth $311,566. 17.46% of the stock is currently owned by 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.