Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 83.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,170 shares of the company’s stock after selling 147,594 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hamilton Insurance Group were worth $605,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Voya Investment Management LLC raised its holdings in shares of Hamilton Insurance Group by 3.2% during the fourth quarter. Voya Investment Management LLC now owns 21,675 shares of the company’s stock worth $412,000 after purchasing an additional 679 shares during the last quarter. Amalgamated Bank raised its stake in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock valued at $30,000 after buying an additional 685 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hamilton Insurance Group by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company’s stock valued at $429,000 after buying an additional 886 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Hamilton Insurance Group by 295.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after buying an additional 1,133 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Hamilton Insurance Group by 5.9% in the fourth quarter. California State Teachers Retirement System now owns 26,745 shares of the company’s stock worth $509,000 after buying an additional 1,501 shares during the last quarter. 29.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HG has been the subject of several recent analyst reports. Barclays upped their price target on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Wells Fargo & Company dropped their target price on shares of Hamilton Insurance Group from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. BMO Capital Markets reiterated a “market perform” rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Finally, Morgan Stanley raised their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.17.

Insider Transactions at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the transaction, the chief executive officer owned 190,440 shares of the company’s stock, valued at $4,189,680. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Therese M. Vaughan purchased 4,750 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the transaction, the director directly owned 20,892 shares in the company, valued at $439,776.60. This trade represents a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. 17.46% of the stock is owned by corporate insiders.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $20.75 on Wednesday. The firm has a 50 day moving average of $21.07 and a two-hundred day moving average of $19.87. The stock has a market capitalization of $2.11 billion, a PE ratio of 6.85 and a beta of 0.82. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 52 week low of $15.31 and a 52 week high of $22.33.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. The company had revenue of $843.31 million for the quarter, compared to the consensus estimate of $498.00 million. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS 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.