Segall Bryant & Hamill LLC Lowers Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Segall Bryant & Hamill LLC trimmed its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,999 shares of the company’s stock after selling 53,437 shares during the quarter. Segall Bryant & Hamill LLC owned 0.22% of Hamilton Insurance Group worth $4,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its position in Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares during the period. Spire Wealth Management purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter worth about $38,000. Bfsg LLC acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at about $77,000. Toronto Dominion Bank purchased a new stake in shares of Hamilton Insurance Group during the 3rd quarter valued at about $97,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in Hamilton Insurance Group during the 4th quarter worth approximately $147,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Trading Up 1.6 %

NYSE HG opened at $21.57 on Friday. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 4.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $21.68. The company’s fifty day moving average price is $19.60 and its two-hundred day moving average price is $18.94.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The firm had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. As a group, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on HG. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hamilton Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $23.80.

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.