Russell Investments Group Ltd. reduced its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 83.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,558 shares of the company's stock after selling 61,191 shares during the period. Russell Investments Group Ltd.'s holdings in Hamilton Insurance Group were worth $239,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Spire Wealth Management bought a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $38,000. Bfsg LLC bought a new position in Hamilton Insurance Group during the 4th quarter valued at approximately $77,000. Morgan Dempsey Capital Management LLC purchased a new stake in Hamilton Insurance Group in the fourth quarter worth about $147,000. Bellecapital International Ltd. purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth about $193,000. Finally, US Bancorp DE raised its stake in Hamilton Insurance Group by 86.2% during the fourth quarter. US Bancorp DE now owns 10,263 shares of the company's stock valued at $195,000 after buying an additional 4,750 shares during the last quarter. Institutional investors own 29.17% of the company's stock.
Insider Buying and Selling at Hamilton Insurance Group
In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total transaction of $79,485.00. Following the sale, the chief executive officer now directly owns 199,923 shares in the company, valued at $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 15,000 shares of company stock valued at $311,566 in the last 90 days. 17.46% of the stock is currently owned by company insiders.
Hamilton Insurance Group Stock Down 1.2 %
HG traded down $0.22 on Wednesday, reaching $18.48. 462,243 shares of the company traded hands, compared to its average volume of 513,412. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. Hamilton Insurance Group, Ltd. has a 52-week low of $13.49 and a 52-week high of $21.68. The stock's 50 day moving average price is $19.54 and its 200-day moving average price is $18.97. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 4.13 and a beta of 0.47.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. On average, sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on 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 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Wells Fargo & Company decreased their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $23.60.
Get Our Latest Report on Hamilton Insurance Group
About Hamilton Insurance Group
(
Free Report)
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.
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