US Bancorp DE Has $69,000 Stake in Hamilton Insurance Group, Ltd. $HG

US Bancorp DE decreased its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 67.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,313 shares of the company’s stock after selling 6,950 shares during the period. US Bancorp DE’s holdings in Hamilton Insurance Group were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Private Management Group Inc. grew its stake in shares of Hamilton Insurance Group by 60.4% during the first quarter. Private Management Group Inc. now owns 885,996 shares of the company’s stock valued at $18,367,000 after purchasing an additional 333,671 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Hamilton Insurance Group by 19.7% during the fourth quarter. Lazard Asset Management LLC now owns 811,166 shares of the company’s stock valued at $15,435,000 after purchasing an additional 133,646 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Hamilton Insurance Group by 31.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company’s stock valued at $12,222,000 after purchasing an additional 155,228 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hamilton Insurance Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 478,057 shares of the company’s stock valued at $9,097,000 after purchasing an additional 2,504 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Hamilton Insurance Group by 279.5% during the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock valued at $9,766,000 after purchasing an additional 346,998 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Insiders Place Their Bets

In other Hamilton Insurance Group news, insider Alexander James Baker sold 6,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the sale, the insider directly owned 116,338 shares in the company, valued at approximately $2,767,681.02. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the sale, the chief executive officer owned 190,440 shares in the company, valued at approximately $4,189,680. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,988 shares of company stock worth $730,452. Company insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Price Performance

Shares of HG stock opened at $23.03 on Tuesday. The firm’s 50 day moving average price is $21.53 and its two-hundred day moving average price is $20.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $2.31 billion, a PE ratio of 6.36 and a beta of 0.81. Hamilton Insurance Group, Ltd. has a 52-week low of $16.80 and a 52-week high of $24.54.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.54. The company had revenue of $712.03 million for the quarter, compared to analyst estimates of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. As a group, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Morgan Stanley reaffirmed a “cautious” rating on shares of Hamilton Insurance Group in a research note on Monday. Wells Fargo & Company raised their price objective on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, JMP Securities raised their price objective on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.43.

Hamilton Insurance Group 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.