Ghisallo Capital Management LLC Sells 50,000 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Ghisallo Capital Management LLC lowered its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 66.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company's stock after selling 50,000 shares during the period. Ghisallo Capital Management LLC's holdings in Hamilton Insurance Group were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC grew its stake in Hamilton Insurance Group by 295.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after acquiring an additional 1,133 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Hamilton Insurance Group during the fourth quarter valued at about $38,000. Bfsg LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter valued at about $77,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Hamilton Insurance Group in the fourth quarter worth about $147,000. Finally, Bellecapital International Ltd. purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter worth about $193,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock opened at $18.16 on Friday. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 4.06 and a beta of 0.47. 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 50 day moving average price of $19.51 and a 200-day moving average price of $18.97. Hamilton Insurance Group, Ltd. has a one year low of $13.20 and a one year high of $21.68.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings results 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 return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

HG has been the subject of several research analyst reports. Wells Fargo & Company cut 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. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a report on Friday, February 28th. 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 research note on Tuesday, March 11th. Finally, Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock 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, Hamilton Insurance Group presently has an average rating of "Moderate Buy" and a consensus price target of $23.60.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the completion of the sale, the chief executive officer now directly owns 199,923 shares of the company's stock, valued at approximately $4,198,383. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 15,000 shares of company stock valued at $311,566. 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.

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