JPMorgan Chase & Co. Lowers Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

JPMorgan Chase & Co. decreased its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,646 shares of the company's stock after selling 261,668 shares during the quarter. JPMorgan Chase & Co. owned about 0.59% of Hamilton Insurance Group worth $11,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in shares of Hamilton Insurance Group by 22.7% in the fourth quarter. Prudential Financial Inc. now owns 17,280 shares of the company's stock worth $329,000 after purchasing an additional 3,200 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at $235,000. KLP Kapitalforvaltning AS bought a new position in Hamilton Insurance Group during the 4th quarter valued at $367,000. Knights of Columbus Asset Advisors LLC boosted its holdings in Hamilton Insurance Group by 41.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 113,977 shares of the company's stock worth $2,169,000 after acquiring an additional 33,573 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Hamilton Insurance Group by 11.1% in the 4th quarter. Sei Investments Co. now owns 285,055 shares of the company's stock worth $5,425,000 after acquiring an additional 28,452 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44. Following the sale, the chief executive officer now owns 203,847 shares of the company's stock, valued at $4,217,594.43. The trade was a 5.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 over the last three months. 2.70% of the stock is currently owned by insiders.

Hamilton Insurance Group Stock Performance

Shares of HG stock traded up $0.16 during trading hours on Friday, hitting $18.51. 335,821 shares of the company were exchanged, compared to its average volume of 505,412. Hamilton Insurance Group, Ltd. has a 52-week low of $13.20 and a 52-week high of $21.68. 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 firm has a fifty day simple moving average of $19.57 and a 200 day simple moving average of $18.98. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.14 and a beta of 0.47.

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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HG has been the topic of several analyst reports. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. Keefe, Bruyette & Woods upped their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a report on Friday, February 28th. Finally, Wells Fargo & Company cut their price objective on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

Hamilton Insurance Group 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.