Marshall Wace LLP Has $988,000 Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Marshall Wace LLP cut its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,922 shares of the company's stock after selling 341,757 shares during the quarter. Marshall Wace LLP owned about 0.05% of Hamilton Insurance Group worth $988,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in 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 period. Spire Wealth Management acquired a new stake in Hamilton Insurance Group during the 4th quarter worth $38,000. Bfsg LLC bought a new position in Hamilton Insurance Group during the fourth quarter worth about $77,000. Morgan Dempsey Capital Management LLC bought a new position in Hamilton Insurance Group in the fourth quarter valued at approximately $147,000. Finally, Bellecapital International Ltd. bought a new stake in Hamilton Insurance Group in the 4th quarter valued at $193,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the sale, the chief executive officer now owns 203,847 shares in the company, valued at approximately $4,217,594.43. This represents a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 15,000 shares of company stock worth $311,566 over the last 90 days. Company insiders own 17.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HG. Wells Fargo & Company lowered their target price 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. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. 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. Finally, JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $23.60.

Hamilton Insurance Group Stock Down 0.2 %

HG stock traded down $0.05 during mid-day trading on Tuesday, reaching $19.02. The company had a trading volume of 32,703 shares, compared to its average volume of 524,344. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 4.25 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 52 week low of $14.28 and a 52 week high of $21.68. The stock has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $18.98. 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 (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 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 firm had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. As a group, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

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.