Segall Bryant & Hamill LLC Sells 53,437 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Segall Bryant & Hamill LLC cut its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,999 shares of the company's stock after selling 53,437 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.22% of Hamilton Insurance Group worth $4,168,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in shares of Hamilton Insurance Group by 198.2% in the third quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock valued at $71,859,000 after buying an additional 2,469,422 shares in the last quarter. JPMorgan Chase & Co. grew its position in Hamilton Insurance Group by 538.4% during the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after buying an additional 727,242 shares in the last quarter. Private Management Group Inc. bought a new stake in Hamilton Insurance Group during the fourth quarter worth about $10,511,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Hamilton Insurance Group during the 3rd quarter worth approximately $9,419,000. Finally, State Street Corp increased its stake in shares of Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock valued at $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG traded up $0.50 on Tuesday, hitting $21.23. The company's stock had a trading volume of 527,123 shares, compared to its average volume of 485,027. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $19.00. The company has a market capitalization of $2.15 billion, a PE ratio of 4.75 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $21.68.

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Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). The business had revenue of $543.94 million for 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%. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HG has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective 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 target price on Hamilton Insurance Group in a report on Friday, February 28th. Wells Fargo & Company raised their target price on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.80.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction dated 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 directly owns 203,847 shares of the company's stock, valued at approximately $4,217,594.43. This represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 15,000 shares of company stock valued at $311,566. 2.70% of the stock is currently owned by corporate insiders.

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.