State of Wyoming Sells 9,236 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

State of Wyoming trimmed its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,997 shares of the company’s stock after selling 9,236 shares during the quarter. State of Wyoming’s holdings in Hamilton Insurance Group were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Sterling Capital Management LLC increased its position in Hamilton Insurance Group by 295.1% in the 4th 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 period. Spire Wealth Management acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter worth $38,000. Bfsg LLC bought a new position in Hamilton Insurance Group during the fourth quarter worth $77,000. Morgan Dempsey Capital Management LLC acquired a new position in Hamilton Insurance Group during the 4th quarter valued at $147,000. Finally, Bellecapital International Ltd. bought a new stake in Hamilton Insurance Group in the 4th quarter valued at $193,000. 29.17% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the sale, the chief executive officer now directly owns 199,923 shares in the company, valued at approximately $4,198,383. This trade represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 15,000 shares of company stock worth $311,566. Insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $21.24 on Tuesday. The business has a 50 day simple moving average of $19.59 and a 200 day simple moving average of $19.17. 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 company has a market capitalization of $2.16 billion, a PE ratio of 4.75 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a one year low of $15.19 and a one year high of $21.68.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $843.31 million during the quarter, compared to analysts’ expectations of $498.00 million. On average, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HG has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research report on Friday, February 28th. Wells Fargo & Company decreased 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. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $23.80.

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.