Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,999 shares of the company’s stock after selling 53,437 shares during the period. Segall Bryant & Hamill LLC’s holdings in Hamilton Insurance Group were worth $4,168,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased 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 valued at $329,000 after purchasing an additional 3,200 shares during the period. Fox Run Management L.L.C. acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at approximately $235,000. KLP Kapitalforvaltning AS acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at approximately $367,000. Knights of Columbus Asset Advisors LLC boosted its position 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 period. Finally, Sei Investments Co. grew its stake in shares of Hamilton Insurance Group by 11.1% in the fourth quarter. Sei Investments Co. now owns 285,055 shares of the company’s stock worth $5,425,000 after purchasing an additional 28,452 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Hamilton Insurance Group Price Performance

Shares of NYSE HG opened at $21.57 on Friday. The firm has a 50-day moving average of $19.60 and a two-hundred day moving average of $18.94. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 4.83 and a beta of 0.92. 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 twelve month low of $12.44 and a twelve month high of $21.68.

Hamilton Insurance Group (NYSE:HG) last issued 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 for the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. As a group, analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective 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. Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

About Hamilton Insurance Group

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.