Crewe Advisors LLC trimmed its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 55.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,239 shares of the company's stock after selling 25,298 shares during the quarter. Crewe Advisors LLC's holdings in Hamilton Insurance Group were worth $385,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Hamilton Insurance Group by 198.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock valued at $71,859,000 after acquiring an additional 2,469,422 shares during the period. JPMorgan Chase & Co. lifted its holdings in Hamilton Insurance Group by 538.4% during the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock valued at $16,677,000 after purchasing an additional 727,242 shares in the last quarter. Private Management Group Inc. bought a new position in shares of Hamilton Insurance Group in the fourth quarter worth approximately $10,511,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Hamilton Insurance Group in the third quarter worth $9,419,000. Finally, State Street Corp raised its position in shares of Hamilton Insurance Group by 133.3% during the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock valued at $10,301,000 after purchasing an additional 304,371 shares during the period. 29.17% of the stock is owned by hedge funds and other institutional investors.
Hamilton Insurance Group Price Performance
Shares of NYSE:HG traded down $0.07 during midday trading on Friday, reaching $18.89. 283,713 shares of the company were exchanged, compared to its average volume of 351,025. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.92 billion, a PE ratio of 4.23 and a beta of 1.02. The business's fifty day moving average is $18.99 and its two-hundred day moving average is $18.56. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $20.71.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The firm had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same quarter last year, the business posted $0.41 earnings per share. As a group, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.
Insider Activity at Hamilton Insurance Group
In other news, CAO Brian John Deegan sold 17,500 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Separately, Barclays dropped their target price on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an "overweight" rating for the company in a report on Monday, January 6th. 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 a consensus target price of $22.20.
Check Out Our Latest Research Report on HG
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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