Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by New Vernon Investment Management LLC

New Vernon Investment Management LLC trimmed its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 54.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,643 shares of the company's stock after selling 53,879 shares during the period. Hamilton Insurance Group makes up about 0.5% of New Vernon Investment Management LLC's holdings, making the stock its 21st biggest holding. New Vernon Investment Management LLC's holdings in Hamilton Insurance Group were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HG. Nebula Research & Development LLC purchased a new stake in Hamilton Insurance Group during the 4th quarter worth $220,000. Voya Investment Management LLC grew its stake in shares of Hamilton Insurance Group by 3.2% during the fourth quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock valued at $412,000 after acquiring an additional 679 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Hamilton Insurance Group by 20.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,840 shares of the company's stock worth $302,000 after acquiring an additional 2,726 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Hamilton Insurance Group in the fourth quarter valued at about $311,000. Finally, Hsbc Holdings PLC acquired a new stake in Hamilton Insurance Group during the 4th quarter valued at approximately $244,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG traded down $0.22 on Wednesday, reaching $18.48. 158,379 shares of the company's stock were exchanged, compared to its average volume of 510,884. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.13 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a fifty-two week low of $13.36 and a fifty-two week high of $21.68. The business's 50-day moving average is $19.53 and its two-hundred day moving average is $18.98. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. As a group, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HG. Wells Fargo & Company reduced their target price 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. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a report on Friday, February 28th. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods upped 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 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, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of $23.60.

Insider Buying and Selling

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the company'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 value of $229,162.44. Following the completion of the sale, the chief executive officer now directly owns 203,847 shares of the company's stock, valued at approximately $4,217,594.43. This represents a 5.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 in the last quarter. Company insiders own 17.46% of the company's stock.

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.