Russell Investments Group Ltd. Decreases Position in Hamilton Insurance Group, Ltd. $HG

Russell Investments Group Ltd. cut its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 58.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,197 shares of the company’s stock after selling 7,361 shares during the period. Russell Investments Group Ltd.’s holdings in Hamilton Insurance Group were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in Hamilton Insurance Group during the first quarter valued at approximately $50,838,000. Private Management Group Inc. raised its position in 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 period. Lazard Asset Management LLC raised its position in 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 period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Hamilton Insurance Group by 31.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company’s stock worth $12,222,000 after buying an additional 155,228 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Hamilton Insurance Group by 279.5% in the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock worth $9,766,000 after buying an additional 346,998 shares during the period. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of Hamilton Insurance Group stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.00, for a total transaction of $455,712.00. Following the completion of the transaction, the insider owned 64,512 shares in the company, valued at approximately $1,548,288. This trade represents a 22.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexander James Baker sold 6,000 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the transaction, the insider owned 116,338 shares of the company’s stock, valued at $2,767,681.02. The trade was a 4.90% decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Stock Up 2.5%

Shares of NYSE HG opened at $24.28 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.43 billion, a PE ratio of 6.71 and a beta of 0.82. The stock’s fifty day simple moving average is $22.19 and its two-hundred day simple moving average is $20.76. Hamilton Insurance Group, Ltd. has a 12-month low of $16.80 and a 12-month high of $24.54.

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

Analyst Upgrades and Downgrades

HG has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $23.00 price target on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Wells Fargo & Company increased their price target on Hamilton Insurance Group from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. JMP Securities increased their price target on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Citigroup began coverage on Hamilton Insurance Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Barclays increased their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.