Verition Fund Management LLC Sells 305,504 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Verition Fund Management LLC decreased its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 77.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,346 shares of the company's stock after selling 305,504 shares during the quarter. Verition Fund Management LLC owned 0.09% of Hamilton Insurance Group worth $1,767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HG. Financial Management Professionals Inc. bought a new stake in shares of Hamilton Insurance Group in the third quarter worth $34,000. US Bancorp DE bought a new stake in shares of Hamilton Insurance Group during the 3rd quarter valued at about $107,000. Martingale Asset Management L P increased its position in shares of Hamilton Insurance Group by 8.9% during the 3rd quarter. Martingale Asset Management L P now owns 78,675 shares of the company's stock valued at $1,522,000 after purchasing an additional 6,458 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Hamilton Insurance Group by 52.0% in the 2nd quarter. Rhumbline Advisers now owns 25,068 shares of the company's stock worth $417,000 after purchasing an additional 8,572 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Hamilton Insurance Group in the second quarter worth approximately $156,000. Institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG traded down $0.11 during trading on Friday, hitting $19.16. 304,781 shares of the company's stock were exchanged, compared to its average volume of 387,498. The business's 50-day simple moving average is $18.40 and its 200 day simple moving average is $17.80. The company has a market cap of $1.94 billion and a price-to-earnings ratio of 4.29. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $20.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. During the same period last year, the firm posted $0.41 EPS. As a group, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on HG. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Barclays assumed coverage on Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $26.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. Finally, Morgan Stanley downgraded Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 price objective for the company. in a research note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of $22.60.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 17,500 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the sale, the chief accounting officer now owns 20,824 shares of the company's stock, valued at $399,404.32. This represents a 45.66 % 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. Insiders own 2.70% 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.