Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,695,433 shares of the company's stock after selling 20,146 shares during the period. Wellington Management Group LLP owned approximately 3.64% of Hamilton Insurance Group worth $70,324,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HG. Quarry LP boosted its holdings in shares of Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company's stock worth $32,000 after purchasing an additional 1,341 shares during the period. Spire Wealth Management bought a new stake in Hamilton Insurance Group during the 4th quarter worth about $38,000. Bfsg LLC bought a new stake in Hamilton Insurance Group during the 4th quarter worth about $77,000. Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group during the 3rd quarter valued at about $97,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in Hamilton Insurance Group in the fourth quarter valued at $147,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Stock Down 2.7 %

Hamilton Insurance Group stock traded down $0.50 during mid-day trading on Thursday, hitting $17.96. The company had a trading volume of 117,919 shares, compared to its average volume of 500,073. The company has a market capitalization of $1.82 billion, a PE ratio of 4.02 and a beta of 0.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $21.68. The stock's 50 day moving average price is $19.66 and its two-hundred day moving average price is $19.04.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released 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 return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $543.94 million for the quarter, compared to analysts' expectations of $460.17 million. As a group, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

HG has been the subject of several research reports. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a report on Friday, February 28th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company 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 stock an "outperform" rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company upped their price objective 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.80.

Insiders Place Their Bets

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the transaction, the chief executive officer now owns 199,923 shares of the company's stock, valued at $4,198,383. The trade was a 1.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 15,000 shares of company stock worth $311,566 in the last ninety days. 2.70% of the stock is owned by company insiders.

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.