Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Crewe Advisors LLC

Crewe Advisors LLC lessened its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 55.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,239 shares of the company’s stock after selling 25,298 shares during the period. Crewe Advisors LLC’s holdings in Hamilton Insurance Group were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Algert Global LLC purchased a new stake in shares of Hamilton Insurance Group during the 2nd quarter worth approximately $214,000. SG Americas Securities LLC grew its holdings in shares of Hamilton Insurance Group by 61.4% during the third quarter. SG Americas Securities LLC now owns 28,607 shares of the company’s stock worth $553,000 after purchasing an additional 10,885 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Hamilton Insurance Group by 527.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 80,375 shares of the company’s stock valued at $1,554,000 after purchasing an additional 67,560 shares during the period. Financial Management Professionals Inc. purchased a new position in Hamilton Insurance Group during the 3rd quarter worth approximately $34,000. Finally, US Bancorp DE acquired a new position in Hamilton Insurance Group during the third quarter worth approximately $107,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

HG stock opened at $18.70 on Thursday. The stock’s 50 day moving average price is $19.00 and its 200 day moving average price is $18.53. The firm has a market cap of $1.90 billion, a P/E ratio of 4.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $20.71.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly 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 return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same quarter in the prior year, the company posted $0.41 EPS. On average, sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HG. Wells Fargo & Company raised their price target on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Barclays reduced their price objective on Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.20.

Insider Activity at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction dated 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 directly owns 20,824 shares in the company, valued at $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

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.