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

Bridgeway Capital Management LLC trimmed its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 696,726 shares of the company’s stock after selling 29,480 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.71% of Hamilton Insurance Group worth $19,439,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HG. AQR Capital Management LLC boosted its position in Hamilton Insurance Group by 186.0% during the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after purchasing an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hamilton Insurance Group by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after purchasing an additional 2,071 shares in the last quarter. Millennium Management LLC boosted its position in Hamilton Insurance Group by 9.7% during the first quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock worth $9,180,000 after purchasing an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Hamilton Insurance Group by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock worth $5,797,000 after purchasing an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Hamilton Insurance Group by 87.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock worth $1,777,000 after purchasing an additional 39,927 shares in the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hamilton Insurance Group

In other news, 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 sale, the chief accounting officer owned 71,347 shares of the company’s stock, valued at $2,189,639.43. This represents a 13.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the director directly owned 450,000 shares of the company’s stock, valued at $14,472,000. The trade was a 7.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 70,105 shares of company stock valued at $2,220,158 over the last quarter. Company insiders own 3.02% of the company’s stock.

Hamilton Insurance Group Price Performance

HG stock opened at $31.92 on Thursday. The stock has a 50-day moving average price of $31.22 and a two-hundred day moving average price of $29.49. Hamilton Insurance Group, Ltd. has a 12-month low of $20.44 and a 12-month high of $33.72. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.17 billion, a PE ratio of 5.22 and a beta of 0.44.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $933.90 million. As a group, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HG. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen raised Hamilton Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Morgan Stanley boosted their price target on Hamilton Insurance Group from $31.00 to $33.00 and gave the stock an “equal weight” rating 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. Finally, Citizens Jmp boosted their price target on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.