Quantbot Technologies LP Sells 63,596 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Quantbot Technologies LP decreased its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 62.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,305 shares of the company’s stock after selling 63,596 shares during the quarter. Quantbot Technologies LP’s holdings in Hamilton Insurance Group were worth $729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP grew its stake in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after acquiring an additional 1,341 shares during the period. Spire Wealth Management bought a new stake in Hamilton Insurance Group in the 4th quarter worth approximately $38,000. Rhumbline Advisers raised its stake in Hamilton Insurance Group by 6.9% during the 4th quarter. Rhumbline Advisers now owns 57,207 shares of the company’s stock valued at $1,089,000 after buying an additional 3,699 shares during the last quarter. Bfsg LLC purchased a new stake in Hamilton Insurance Group during the 4th quarter valued at $77,000. Finally, Swiss National Bank lifted its holdings in shares of Hamilton Insurance Group by 8.6% during the 4th quarter. Swiss National Bank now owns 54,300 shares of the company’s stock valued at $1,033,000 after buying an additional 4,300 shares during the period. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Down 1.0 %

HG stock opened at $21.22 on Thursday. The business’s 50-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 P/E ratio of 4.75 and a beta of 0.92. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.68.

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 the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million for the quarter, compared to analysts’ expectations of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. On average, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the completion of the sale, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.