Wellington Management Group LLP Sells 20,146 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Wellington Management Group LLP decreased its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,695,433 shares of the company’s stock after selling 20,146 shares during the quarter. Wellington Management Group LLP owned about 3.64% of Hamilton Insurance Group worth $70,324,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after purchasing an additional 70,732 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Hamilton Insurance Group during the third quarter valued at $270,000. MetLife Investment Management LLC increased its holdings in Hamilton Insurance Group by 126.2% in the 3rd quarter. MetLife Investment Management LLC now owns 22,939 shares of the company’s stock worth $444,000 after buying an additional 12,797 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hamilton Insurance Group by 138.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,171 shares of the company’s stock worth $758,000 after buying an additional 22,713 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in Hamilton Insurance Group in the 3rd quarter worth about $270,000. 29.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hamilton Insurance Group Trading Down 8.6 %

HG opened at $19.27 on Friday. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $21.68. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $19.78 and a 200 day moving average of $19.04. The firm has a market cap of $1.95 billion, a P/E ratio of 4.31 and a beta of 0.92.

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

Insider Buying and Selling

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the transaction, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 15,000 shares of company stock valued at $311,566 in the last 90 days. Company insiders own 2.70% of the company’s stock.

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.