New Vernon Investment Management LLC Has $850,000 Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

New Vernon Investment Management LLC trimmed its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,643 shares of the company's stock after selling 53,879 shares during the quarter. Hamilton Insurance Group makes up about 0.5% of New Vernon Investment Management LLC's investment portfolio, making the stock its 21st largest holding. New Vernon Investment Management LLC's holdings in Hamilton Insurance Group were worth $850,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of Hamilton Insurance Group by 133.3% in the third quarter. State Street Corp now owns 532,632 shares of the company's stock worth $10,301,000 after buying an additional 304,371 shares during the last quarter. Barclays PLC grew its holdings in Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company's stock valued at $1,114,000 after purchasing an additional 51,561 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hamilton Insurance Group by 136.5% in the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock valued at $9,197,000 after purchasing an additional 274,483 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Hamilton Insurance Group by 90.0% during the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock worth $1,845,000 after buying an additional 46,978 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Hamilton Insurance Group by 538.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock valued at $16,677,000 after buying an additional 727,242 shares during the last quarter. Institutional investors own 29.17% of the company's stock.

Wall Street Analyst Weigh In

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

Hamilton Insurance Group Stock Performance

Shares of HG stock traded up $0.02 during mid-day trading on Friday, reaching $18.16. The stock had a trading volume of 570,888 shares, compared to its average volume of 511,580. The firm has a market cap of $1.84 billion, a PE ratio of 4.06 and a beta of 0.47. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a one year low of $13.36 and a one year high of $21.68. The firm's 50 day simple moving average is $19.51 and its 200 day simple moving average is $18.98.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. On average, analysts forecast 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 shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the sale, the chief executive officer now owns 203,847 shares in the company, valued at approximately $4,217,594.43. The trade was a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 15,000 shares of company stock worth $311,566 over the last quarter. Company insiders own 17.46% of the company's stock.

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.