Quantbot Technologies LP Reduces Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Quantbot Technologies LP reduced its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 62.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,305 shares of the company’s stock after selling 63,596 shares during the period. Quantbot Technologies LP’s holdings in Hamilton Insurance Group were worth $729,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HG. Quarry LP boosted its holdings in shares of Hamilton Insurance Group by 448.5% during the third 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 period. Spire Wealth Management bought a new position in Hamilton Insurance Group during the 4th quarter valued at approximately $38,000. Bfsg LLC purchased a new stake in Hamilton Insurance Group in the 4th quarter worth approximately $77,000. Toronto Dominion Bank bought a new stake in shares of Hamilton Insurance Group in the 3rd quarter worth approximately $97,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $147,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Keefe, Bruyette & Woods raised their target price 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. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $21.22 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $19.56 and its 200-day moving average price is $18.92. The stock has a market cap of $2.15 billion, a PE ratio of 4.75 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $21.68.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $460.17 million. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the transaction, the chief executive officer now owns 199,923 shares of the company’s stock, valued at $4,198,383. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Company 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.