Quantbot Technologies LP Has $1.97 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Quantbot Technologies LP lifted its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 154.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,901 shares of the company’s stock after buying an additional 61,859 shares during the period. Quantbot Technologies LP owned about 0.10% of Hamilton Insurance Group worth $1,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. lifted its stake in Hamilton Insurance Group by 17.7% in the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after acquiring an additional 313,417 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Hamilton Insurance Group by 80.3% in the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock valued at $8,265,000 after purchasing an additional 221,372 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Hamilton Insurance Group during the second quarter worth approximately $6,454,000. Renaissance Technologies LLC boosted its holdings in shares of Hamilton Insurance Group by 40.7% during the second quarter. Renaissance Technologies LLC now owns 357,800 shares of the company’s stock worth $5,957,000 after purchasing an additional 103,426 shares during the period. Finally, Sei Investments Co. grew its position in Hamilton Insurance Group by 22.8% during the second quarter. Sei Investments Co. now owns 250,725 shares of the company’s stock valued at $4,175,000 after purchasing an additional 46,540 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG opened at $19.01 on Friday. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $20.71. The company has a market cap of $1.93 billion and a P/E ratio of 4.25. The business’s 50 day moving average is $18.41 and its two-hundred day moving average is $17.67. 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 (NYSE:HG) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $512.84 million for the quarter, compared to the consensus estimate of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same period last year, the business earned $0.41 earnings per share. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Wells Fargo & Company lifted their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays began coverage on Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price on the stock. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a report on Monday, August 19th. Finally, JMP Securities increased their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.43.

Insider Activity

In other news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company 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.