American Century Companies Inc. Decreases Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

American Century Companies Inc. decreased its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,124,878 shares of the company’s stock after selling 48,186 shares during the quarter. American Century Companies Inc.’s holdings in Hamilton Insurance Group were worth $40,436,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP lifted its position 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 worth $32,000 after purchasing an additional 1,341 shares during the last quarter. Spire Wealth Management purchased a new position in Hamilton Insurance Group in the fourth quarter valued at $38,000. Bfsg LLC acquired a new stake in Hamilton Insurance Group in the fourth quarter valued at $77,000. Toronto Dominion Bank purchased a new stake in Hamilton Insurance Group during the 3rd quarter worth about $97,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth about $147,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 203,847 shares of the company’s stock, valued at approximately $4,217,594.43. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 15,000 shares of company stock worth $311,566. Company insiders own 2.70% of the company’s stock.

Hamilton Insurance Group Price Performance

HG stock opened at $21.57 on Friday. The company has a market capitalization of $2.19 billion, a P/E ratio of 4.83 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.68. The business has a 50 day simple moving average of $19.60 and a 200-day simple moving average of $18.94. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

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

Wall Street Analyst Weigh In

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

Hamilton Insurance Group 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.