SG Americas Securities LLC Cuts Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

SG Americas Securities LLC reduced its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 39.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,259 shares of the company’s stock after selling 11,348 shares during the quarter. SG Americas Securities LLC’s holdings in Hamilton Insurance Group were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP boosted its position in Hamilton Insurance Group by 198.2% during the third quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock worth $71,859,000 after purchasing an additional 2,469,422 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Hamilton Insurance Group by 538.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company’s stock worth $16,677,000 after buying an additional 727,242 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Hamilton Insurance Group during the 3rd quarter valued at approximately $9,419,000. State Street Corp grew its stake in Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company’s stock valued at $10,301,000 after acquiring an additional 304,371 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Hamilton Insurance Group by 318.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 369,963 shares of the company’s stock worth $7,155,000 after acquiring an additional 281,549 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Brian John Deegan sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the sale, the chief accounting officer now owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Hamilton Insurance Group Stock Down 1.3 %

NYSE:HG opened at $18.55 on Wednesday. The stock’s fifty day moving average is $19.02 and its two-hundred day moving average is $18.52. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.15 and a beta of 1.02. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same period in the prior year, the firm earned $0.41 earnings per share. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Ratings Changes

HG has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays lowered their price objective on Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

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.