Jump Financial LLC Sells 61,442 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Jump Financial LLC lowered its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 56.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,000 shares of the company's stock after selling 61,442 shares during the period. Jump Financial LLC's holdings in Hamilton Insurance Group were worth $894,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HG. XTX Topco Ltd raised its holdings in shares of Hamilton Insurance Group by 47.1% during the fourth quarter. XTX Topco Ltd now owns 18,082 shares of the company's stock valued at $344,000 after acquiring an additional 5,792 shares during the period. Mariner LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter valued at $571,000. Barclays PLC raised its position in Hamilton Insurance Group by 13.4% during the fourth quarter. Barclays PLC now owns 65,367 shares of the company's stock valued at $1,244,000 after buying an additional 7,704 shares during the period. Sterling Capital Management LLC grew its stake in Hamilton Insurance Group by 295.1% during the 4th 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. Finally, Kennedy Capital Management LLC lifted its position in shares of Hamilton Insurance Group by 179.6% in the fourth quarter. Kennedy Capital Management LLC now owns 403,129 shares of the company's stock worth $7,672,000 after purchasing an additional 258,958 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock traded up $0.02 during trading hours on Friday, reaching $18.16. 570,888 shares of the company were exchanged, compared to its average volume of 508,952. Hamilton Insurance Group, Ltd. has a 12 month low of $13.20 and a 12 month 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 stock has a 50-day moving average of $19.52 and a 200 day moving average of $18.97. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 4.06 and a beta of 0.47.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.44). The business had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. As a group, research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 199,923 shares of the company's stock, valued at approximately $4,198,383. This represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 in the last 90 days. 17.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HG shares. Keefe, Bruyette & Woods lifted their target price 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. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price objective on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of "Moderate Buy" and an average target price of $23.60.

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.