Bridgeway Capital Management LLC Decreases Position in Hamilton Insurance Group, Ltd. $HG

Bridgeway Capital Management LLC decreased its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 696,726 shares of the company’s stock after selling 29,480 shares during the period. Bridgeway Capital Management LLC’s holdings in Hamilton Insurance Group were worth $19,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Freestone Grove Partners LP purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter worth about $16,667,000. Schonfeld Strategic Advisors LLC purchased a new position in Hamilton Insurance Group in the fourth quarter valued at about $549,000. AQR Capital Management LLC boosted its holdings in Hamilton Insurance Group by 4.8% in the fourth quarter. AQR Capital Management LLC now owns 559,707 shares of the company’s stock valued at $15,616,000 after purchasing an additional 25,520 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Hamilton Insurance Group by 9.3% in the fourth quarter. Lazard Asset Management LLC now owns 958,935 shares of the company’s stock valued at $26,754,000 after purchasing an additional 81,424 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Hamilton Insurance Group in the fourth quarter valued at about $781,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, Director David A. Brown sold 37,300 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the sale, the director owned 450,000 shares in the company, valued at $14,472,000. This represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian John Deegan sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total value of $337,590.00. Following the sale, the chief accounting officer owned 71,347 shares in the company, valued at $2,189,639.43. The trade was a 13.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,105 shares of company stock worth $2,220,158 over the last quarter. 3.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HG has been the subject of a number of analyst reports. UBS Group set a $33.00 price target on Hamilton Insurance Group in a report on Thursday, May 21st. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wall Street Zen raised Hamilton Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Finally, Barclays increased their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Hamilton Insurance Group Trading Up 0.6%

Shares of NYSE HG opened at $31.92 on Thursday. The stock’s 50 day moving average price is $31.22 and its two-hundred day moving average price is $29.49. Hamilton Insurance Group, Ltd. has a 52-week low of $20.44 and a 52-week high of $33.72. The stock has a market capitalization of $3.17 billion, a P/E ratio of 5.22 and a beta of 0.44. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The firm had revenue of $758.91 million for the quarter, compared to analysts’ expectations of $933.90 million. On average, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Hamilton Insurance Group Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.