Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 3.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 176,764 shares of the company’s stock after selling 5,945 shares during the period. Teacher Retirement System of Texas’ holdings in Hamilton Insurance Group were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its position in shares of Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares during the last quarter. Spire Wealth Management acquired a new stake in Hamilton Insurance Group during the fourth quarter worth about $38,000. Rhumbline Advisers raised its stake in Hamilton Insurance Group by 6.9% during the fourth quarter. Rhumbline Advisers now owns 57,207 shares of the company’s stock worth $1,089,000 after acquiring an additional 3,699 shares during the period. Bfsg LLC bought a new position in Hamilton Insurance Group in the fourth quarter worth about $77,000. Finally, Swiss National Bank boosted its stake in Hamilton Insurance Group by 8.6% in the fourth quarter. Swiss National Bank now owns 54,300 shares of the company’s stock valued at $1,033,000 after acquiring an additional 4,300 shares during the period. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG opened at $21.28 on Tuesday. The stock has a fifty day moving average price of $19.44 and a two-hundred day moving average price of $18.89. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $21.48. The firm has a market cap of $2.16 billion, a P/E ratio of 4.76 and a beta of 0.92. 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 (NYSE:HG) last released its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The business had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the transaction, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 15,000 shares of company stock worth $311,566 in the last three months. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.