Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 83.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,558 shares of the company’s stock after selling 61,191 shares during the period. Russell Investments Group Ltd.’s holdings in Hamilton Insurance Group were worth $239,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings 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 period. Private Management Group Inc. acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter worth approximately $10,511,000. State Street Corp grew its holdings in Hamilton Insurance Group by 133.3% in the third 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 period. Geode Capital Management LLC increased its position in Hamilton Insurance Group by 136.5% during the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock worth $9,197,000 after purchasing an additional 274,483 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $2,362,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock in a transaction dated Friday, March 7th. The stock was 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. The trade was a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 15,000 shares of company stock worth $311,566. 17.46% of the stock is currently owned by company insiders.

Hamilton Insurance Group Trading Down 0.5 %

Shares of HG opened at $18.13 on Friday. Hamilton Insurance Group, Ltd. has a 12 month low of $13.20 and a 12 month high of $21.68. The stock’s 50-day moving average is $19.52 and its two-hundred day moving average is $18.97. 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 stock has a market cap of $1.84 billion, a PE ratio of 4.06 and a beta of 0.47.

Hamilton Insurance Group (NYSE:HG) last released its quarterly 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). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. Equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.