UBS Group AG Reduces Stock Position in Hamilton Insurance Group, Ltd. $HG

UBS Group AG lessened its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 172,658 shares of the company’s stock after selling 29,497 shares during the quarter. UBS Group AG’s holdings in Hamilton Insurance Group were worth $4,817,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Hamilton Insurance Group by 3.4% during the 3rd quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock valued at $344,000 after purchasing an additional 458 shares during the last quarter. Alps Advisors Inc. grew its stake in Hamilton Insurance Group by 2.6% during the 3rd quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock valued at $466,000 after purchasing an additional 469 shares during the last quarter. CWM LLC grew its stake in Hamilton Insurance Group by 4.2% during the 4th quarter. CWM LLC now owns 22,594 shares of the company’s stock valued at $630,000 after purchasing an additional 919 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Hamilton Insurance Group by 112.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after purchasing an additional 937 shares during the last quarter. Finally, Denali Advisors LLC grew its stake in Hamilton Insurance Group by 1.8% during the 3rd quarter. Denali Advisors LLC now owns 55,300 shares of the company’s stock valued at $1,371,000 after purchasing an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on HG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Morgan Stanley boosted their price target on Hamilton Insurance Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday. Barclays upped their target price on Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Finally, Citizens Jmp upped their target price on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. One equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.00.

Insider Buying and Selling

In related news, Director David A. Brown sold 37,300 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the transaction, the director owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. This represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian John Deegan sold 11,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total value of $337,590.00. Following the completion of the transaction, the chief accounting officer directly owned 71,347 shares of the company’s stock, valued at $2,189,639.43. The trade was a 13.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 70,105 shares of company stock valued at $2,220,158. 3.02% of the stock is owned by company insiders.

Hamilton Insurance Group Stock Down 1.7%

Shares of HG opened at $31.85 on Friday. Hamilton Insurance Group, Ltd. has a 52 week low of $20.39 and a 52 week high of $33.72. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 5.21 and a beta of 0.58. The stock’s 50-day moving average price is $30.68 and its 200-day moving average price is $28.87.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $933.90 million. On average, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.

Hamilton Insurance Group Company 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.