Hamilton Insurance Group, Ltd. (NYSE:HG) Holdings Decreased by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 86.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,922 shares of the company's stock after selling 341,757 shares during the period. 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 and hedge funds also recently modified their holdings of the business. Sterling Capital Management LLC grew its position in Hamilton Insurance Group by 295.1% in the 4th 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. Spire Wealth Management acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth approximately $38,000. Geode Capital Management LLC grew its holdings in Hamilton Insurance Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 478,057 shares of the company's stock worth $9,097,000 after buying an additional 2,504 shares in the last quarter. Prudential Financial Inc. increased its position in Hamilton Insurance Group by 22.7% in the 4th quarter. Prudential Financial Inc. now owns 17,280 shares of the company's stock valued at $329,000 after acquiring an additional 3,200 shares during the period. Finally, Rhumbline Advisers raised its stake in Hamilton Insurance Group by 6.9% during the 4th quarter. Rhumbline Advisers now owns 57,207 shares of the company's stock valued at $1,089,000 after acquiring an additional 3,699 shares in the last quarter. 29.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the firm'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 directly owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 15,000 shares of company stock valued at $311,566 in the last three months. 17.46% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock traded up $0.24 during midday trading on Monday, hitting $19.09. The company's stock had a trading volume of 114,101 shares, compared to its average volume of 526,821. Hamilton Insurance Group, Ltd. has a 12 month low of $14.04 and a 12 month high of $21.68. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.94 billion, a PE ratio of 4.27 and a beta of 0.61. The stock's 50-day moving average price is $19.56 and its 200-day moving average price is $18.97.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.44). The business 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%. Analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HG has been the subject of several recent analyst reports. 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 research note on Thursday, April 10th. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods increased their price objective 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.60.

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.