Russell Investments Group Ltd. trimmed its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 83.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,558 shares of the company's stock after selling 61,191 shares during the quarter. Russell Investments Group Ltd.'s holdings in Hamilton Insurance Group were worth $239,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Spire Wealth Management bought a new position in Hamilton Insurance Group in the 4th quarter valued at $38,000. Bfsg LLC purchased a new position in shares of Hamilton Insurance Group during the 4th quarter valued at about $77,000. Morgan Dempsey Capital Management LLC bought a new stake in Hamilton Insurance Group in the 4th quarter worth approximately $147,000. Bellecapital International Ltd. bought a new position in Hamilton Insurance Group during the fourth quarter valued at approximately $193,000. Finally, US Bancorp DE lifted its holdings in shares of Hamilton Insurance Group by 86.2% in the 4th quarter. US Bancorp DE now owns 10,263 shares of the company's stock worth $195,000 after acquiring an additional 4,750 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
HG has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted 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. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wells Fargo & Company lowered their price objective on shares of 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. Finally, JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hamilton Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $23.60.
View Our Latest Research Report on Hamilton Insurance Group
Hamilton Insurance Group Stock Up 0.1 %
HG traded up $0.02 during midday trading on Friday, reaching $18.16. The company's stock had a trading volume of 570,888 shares, compared to its average volume of 511,580. The stock's 50-day moving average is $19.51 and its 200-day moving average is $18.98. Hamilton Insurance Group, Ltd. has a 1 year low of $13.36 and a 1 year high of $21.68. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 4.06 and a beta of 0.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data 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 net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $543.94 million for the quarter, compared to analysts' expectations of $460.17 million. As a group, research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Adrian Joseph Daws sold 11,076 shares of the business's 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 completion of the transaction, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 15,000 shares of company stock valued at $311,566. Insiders own 17.46% of the company's stock.
About Hamilton Insurance Group
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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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