Allspring Global Investments Holdings LLC Has $1.01 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Allspring Global Investments Holdings LLC lessened its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 33.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 53,289 shares of the company’s stock after selling 27,086 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.05% of Hamilton Insurance Group worth $1,014,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HG. Quarry LP grew its holdings in shares of Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after purchasing an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at $34,000. Spire Wealth Management bought a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at $38,000. Toronto Dominion Bank bought a new position in Hamilton Insurance Group during the third quarter worth $97,000. Finally, US Bancorp DE bought a new position in Hamilton Insurance Group during the third quarter worth $107,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $17.83 on Monday. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $20.71. The stock has a market cap of $1.81 billion, a P/E ratio of 3.99 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. The firm’s fifty day simple moving average is $18.89 and its 200 day simple moving average is $18.72.

Analysts Set New Price Targets

Separately, Barclays lowered their price objective on shares of 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.20.

About Hamilton Insurance Group

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.