Ghisallo Capital Management LLC Cuts Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Ghisallo Capital Management LLC decreased its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,000 shares of the company's stock after selling 50,000 shares during the quarter. Ghisallo Capital Management LLC's holdings in Hamilton Insurance Group were worth $476,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in Hamilton Insurance Group by 845.0% in the 3rd quarter. Barclays PLC now owns 57,663 shares of the company's stock worth $1,114,000 after buying an additional 51,561 shares in the last quarter. Geode Capital Management LLC increased its stake in Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after buying an additional 274,483 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Hamilton Insurance Group by 90.0% during the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock valued at $1,845,000 after purchasing an additional 46,978 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hamilton Insurance Group by 538.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock valued at $16,677,000 after purchasing an additional 727,242 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Hamilton Insurance Group by 133.3% during the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock valued at $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company dropped their price objective on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.60.

Hamilton Insurance Group Trading Down 1.0 %

NYSE HG traded down $0.19 during trading on Thursday, hitting $18.31. The stock had a trading volume of 89,594 shares, compared to its average volume of 531,576. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 4.10 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a one year low of $13.69 and a one year high of $21.68. The stock has a 50 day simple moving average of $19.54 and a 200 day simple moving average of $18.97.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44. Following the transaction, the chief executive officer now directly owns 203,847 shares of the company's stock, valued at approximately $4,217,594.43. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 15,000 shares of company stock valued at $311,566. 17.46% of the stock is currently owned by company insiders.

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.