Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 39.7% in the fourth quarter, Holdings Channel reports. The firm owned 17,259 shares of the company’s stock after selling 11,348 shares during the period. SG Americas Securities LLC’s holdings in Hamilton Insurance Group were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake 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 buying an additional 1,341 shares during the period. Financial Management Professionals Inc. acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth approximately $34,000. Toronto Dominion Bank purchased a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $97,000. US Bancorp DE acquired a new position in shares of Hamilton Insurance Group in the third quarter valued at approximately $107,000. Finally, Martingale Asset Management L P lifted its holdings in shares of Hamilton Insurance Group by 8.9% during the third quarter. Martingale Asset Management L P now owns 78,675 shares of the company’s stock worth $1,522,000 after purchasing an additional 6,458 shares during the period. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HG shares. Barclays cut their price objective on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $22.20.

Insider Activity

In other news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the transaction, the chief accounting officer now owns 20,824 shares in the company, valued at $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $18.55 on Wednesday. The firm’s fifty day simple moving average is $19.02 and its 200-day simple moving average is $18.52. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.88 billion, a PE ratio of 4.15 and a beta of 1.02. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $20.71.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same period in the prior year, the business posted $0.41 earnings per share. Analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

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.