59,280 Hamilton Insurance Group, Ltd. $HG Shares Sold by Private Management Group Inc.

Private Management Group Inc. lowered its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 7.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 734,725 shares of the company’s stock after selling 59,280 shares during the period. Private Management Group Inc.’s holdings in Hamilton Insurance Group were worth $24,275,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Hamilton Insurance Group by 39.4% in the second quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock worth $196,094,000 after buying an additional 1,633,397 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Hamilton Insurance Group by 10.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock worth $44,659,000 after acquiring an additional 140,474 shares during the period. Dimensional Fund Advisors LP grew its holdings in Hamilton Insurance Group by 32.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock worth $40,312,000 after acquiring an additional 332,405 shares during the period. Lazard Asset Management LLC grew its holdings in Hamilton Insurance Group by 9.5% during the first quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock worth $31,309,000 after acquiring an additional 90,655 shares during the period. Finally, Donald Smith & CO. Inc. purchased a new position in Hamilton Insurance Group during the second quarter valued at approximately $29,884,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Keefe, Bruyette & Woods upped their price objective on Hamilton Insurance Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Wall Street Zen raised shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Citizens Jmp lifted their target price on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Finally, Morgan Stanley cut their target price on shares of Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $36.62.

Hamilton Insurance Group Trading Up 1.2%

HG stock opened at $37.37 on Tuesday. Hamilton Insurance Group, Ltd. has a 52-week low of $25.53 and a 52-week high of $38.14. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.69 billion, a P/E ratio of 5.62 and a beta of 0.33. The company’s 50-day simple moving average is $35.09 and its 200-day simple moving average is $32.60.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.87. The firm had revenue of $828.04 million during the quarter, compared to analyst estimates of $693.46 million. Hamilton Insurance Group had a return on equity of 24.05% and a net margin of 16.83%. As a group, equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.90 EPS for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, Director David Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total value of $1,806,000.00. Following the sale, the director directly owned 400,000 shares of the company’s stock, valued at approximately $14,448,000. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Duffin sold 28,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total value of $984,105.00. Following the completion of the sale, the insider owned 223,459 shares of the company’s stock, valued at $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.02% of the stock is currently owned by company insiders.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group is a global specialty insurance and reinsurance company headquartered in Bermuda. Founded in 2013, it operates through businesses in Bermuda, the United States and the United Kingdom.

The company underwrites a range of property, casualty and specialty risks, offering insurance and reinsurance products to businesses and other clients. Its operations include Hamilton Re in Bermuda, Hamilton Global Specialty in London and Hamilton Select in the United States.

Pina Albo became Hamilton Insurance Group’s chief executive officer in 2023.