Segall Bryant & Hamill LLC Decreases Holdings in Hamilton Insurance Group, Ltd. $HG

Segall Bryant & Hamill LLC lowered its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,618 shares of the company’s stock after selling 18,401 shares during the period. Segall Bryant & Hamill LLC’s holdings in Hamilton Insurance Group were worth $4,229,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in Hamilton Insurance Group by 172.6% during the first quarter. CWM LLC now owns 1,698 shares of the company’s stock worth $35,000 after purchasing an additional 1,075 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth $62,000. Strs Ohio purchased a new stake in shares of Hamilton Insurance Group in the 1st quarter worth about $112,000. Morgan Dempsey Capital Management LLC boosted its position in shares of Hamilton Insurance Group by 41.8% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,729 shares of the company’s stock worth $167,000 after buying an additional 2,277 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in Hamilton Insurance Group by 15.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 9,923 shares of the company’s stock valued at $215,000 after acquiring an additional 1,337 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HG. Citizens Jmp lifted their target price on shares of Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. Wells Fargo & Company raised their price target on Hamilton Insurance Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, JMP Securities set a $32.00 price target on Hamilton Insurance Group in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.63.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CEO Alexander James Baker sold 18,350 shares of Hamilton Insurance Group stock in a transaction on Friday, November 14th. The stock was sold at an average price of $26.19, for a total value of $480,586.50. Following the completion of the sale, the chief executive officer owned 84,136 shares of the company’s stock, valued at $2,203,521.84. The trade was a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith Donald Bernhard sold 47,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $24.37, for a total value of $1,145,390.00. Following the completion of the transaction, the insider owned 53,893 shares of the company’s stock, valued at $1,313,372.41. The trade was a 46.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.46% of the stock is owned by company insiders.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $27.36 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $2.69 billion, a PE ratio of 6.51 and a beta of 0.81. The firm has a 50 day simple moving average of $24.78 and a 200-day simple moving average of $22.95. Hamilton Insurance Group, Ltd. has a 1-year low of $16.80 and a 1-year high of $27.40.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Tuesday, November 4th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.61. The firm had revenue of $698.85 million for the quarter, compared to analyst estimates of $537.70 million. Hamilton Insurance Group had a net margin of 15.95% and a return on equity of 15.07%. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

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.