State of Wyoming Has $250,000 Stock Position in Hamilton Insurance Group, Ltd. $HG

Key Points

• The State of Wyoming reduced its stake in Hamilton Insurance Group by 53.7% during the first quarter, now holding 12,036 shares valued at approximately $250,000.
• Several hedge funds adjusted their positions in Hamilton Insurance Group, with notable increases from Algert Global LLC, which grew its stake by 76.3%, and Price T Rowe Associates Inc., increasing by 20.8%.
• Hamilton Insurance Group's recent earnings report showed an EPS of $1.55, exceeding analyst expectations, and the company has a market cap of $2.43 billion with a consensus target price of $25.43.

State of Wyoming lessened its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 53.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,036 shares of the company's stock after selling 13,961 shares during the period. State of Wyoming's holdings in Hamilton Insurance Group were worth $250,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HG. Trexquant Investment LP raised its stake in Hamilton Insurance Group by 94.1% during the first quarter. Trexquant Investment LP now owns 223,166 shares of the company's stock valued at $4,626,000 after purchasing an additional 108,218 shares in the last quarter. Corebridge Financial Inc. increased its holdings in Hamilton Insurance Group by 3.1% in the 1st quarter. Corebridge Financial Inc. now owns 20,297 shares of the company's stock worth $421,000 after acquiring an additional 616 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Hamilton Insurance Group by 38.6% during the 1st quarter. Quantbot Technologies LP now owns 53,078 shares of the company's stock valued at $1,100,000 after acquiring an additional 14,773 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Hamilton Insurance Group by 26.1% during the first quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company's stock worth $96,570,000 after purchasing an additional 963,021 shares in the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in Hamilton Insurance Group during the first quarter worth approximately $731,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Trading Down 1.1%

Shares of NYSE:HG traded down $0.28 during trading on Monday, reaching $24.14. The company's stock had a trading volume of 268,115 shares, compared to its average volume of 516,317. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.42 billion, a PE ratio of 6.67 and a beta of 0.81. Hamilton Insurance Group, Ltd. has a 12 month low of $16.80 and a 12 month high of $24.67. The firm's 50 day simple moving average is $22.31 and its two-hundred day simple moving average is $20.88.

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 (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.54. The company had revenue of $712.03 million for the quarter, compared to analyst estimates of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In related news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $24.00, for a total transaction of $455,712.00. Following the sale, the insider owned 64,512 shares of the company's stock, valued at approximately $1,548,288. The trade was a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 directly owned 116,338 shares of the company's stock, valued at approximately $2,767,681.02. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.46% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HG. Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wall Street Zen downgraded Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. JMP Securities boosted their price objective on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. Zacks Research upgraded Hamilton Insurance Group to a "hold" rating in a research note on Tuesday, August 12th. Finally, BMO Capital Markets reiterated 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. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.43.

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.