Voloridge Investment Management LLC Sells 152,254 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Voloridge Investment Management LLC lowered its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 336,750 shares of the company's stock after selling 152,254 shares during the period. Voloridge Investment Management LLC owned approximately 0.33% of Hamilton Insurance Group worth $6,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HG. Voya Investment Management LLC boosted its stake in Hamilton Insurance Group by 3.2% in the 4th quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock worth $412,000 after purchasing an additional 679 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hamilton Insurance Group by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company's stock worth $429,000 after purchasing an additional 886 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Hamilton Insurance Group by 295.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after purchasing an additional 1,133 shares during the last quarter. MetLife Investment Management LLC raised its stake in Hamilton Insurance Group by 6.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,525 shares of the company's stock valued at $467,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in Hamilton Insurance Group during the fourth quarter valued at approximately $38,000. 29.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HG. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wells Fargo & Company reduced their price objective on 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. Finally, Morgan Stanley boosted their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.80.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, Director Therese M. Vaughan purchased 4,750 shares of the business's stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the purchase, the director now owns 20,892 shares of the company's stock, valued at approximately $439,776.60. This represents a 29.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adrian Joseph Daws sold 11,076 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the transaction, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,000 shares of company stock valued at $311,566. Corporate insiders own 17.46% of the company's stock.

Hamilton Insurance Group Trading Down 0.1%

HG traded down $0.02 on Wednesday, hitting $20.88. 410,874 shares of the company were exchanged, compared to its average volume of 520,954. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. Hamilton Insurance Group, Ltd. has a 12 month low of $15.19 and a 12 month high of $21.68. The firm has a fifty day simple moving average of $19.63 and a two-hundred day simple moving average of $19.28. The stock has a market capitalization of $2.12 billion, a PE ratio of 4.67 and a beta of 0.61.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued 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 for 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%. Sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

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.