UBS Group AG cut its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG – Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,658 shares of the company’s stock after selling 29,497 shares during the period. UBS Group AG owned about 0.18% of Hamilton Insurance Group worth $4,817,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of HG. Chesapeake Asset Management LLC increased its holdings in shares of Hamilton Insurance Group by 487.8% in the 4th quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after acquiring an additional 1,000 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Hamilton Insurance Group by 112.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after acquiring an additional 937 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at $71,000. Strs Ohio purchased a new position in shares of Hamilton Insurance Group in the 1st quarter valued at $112,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Hamilton Insurance Group by 24.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after acquiring an additional 1,101 shares during the period. 29.17% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Treasurer Jonathan B. Levenson sold 6,075 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total transaction of $185,955.75. Following the transaction, the treasurer directly owned 39,629 shares in the company, valued at $1,213,043.69. The trade was a 13.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Brown sold 37,300 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.16, for a total value of $1,199,568.00. Following the transaction, the director owned 450,000 shares in the company, valued at approximately $14,472,000. This trade represents a 7.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,105 shares of company stock worth $2,220,158 in the last ninety days. 3.02% of the stock is owned by insiders.
Hamilton Insurance Group Stock Down 1.7%
Hamilton Insurance Group (NYSE:HG – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The firm had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. On average, research analysts expect that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on HG shares. UBS Group set a $33.00 price target on Hamilton Insurance Group in a report on Thursday. Citizens Jmp lifted their price target on Hamilton Insurance Group from $36.00 to $38.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a report on Friday, May 1st. Wall Street Zen downgraded Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Morgan Stanley lifted their price target on Hamilton Insurance Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.00.
Get Our Latest Report on Hamilton Insurance Group
Hamilton Insurance Group Company Profile
Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.
Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.
Read More
- Five stocks we like better than Hamilton Insurance Group
- Intuit’s Great SaaS Reset: Fired By AI
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
Want to see what other hedge funds are holding HG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hamilton Insurance Group, Ltd. (NYSE:HG – Free Report).
Receive News & Ratings for Hamilton Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.
