Quantbot Technologies LP Sells 62,655 Shares of Hamilton Insurance Group, Ltd. $HG

Quantbot Technologies LP lessened its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 72.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,824 shares of the company’s stock after selling 62,655 shares during the quarter. Quantbot Technologies LP’s holdings in Hamilton Insurance Group were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HG. Donald Smith & CO. Inc. bought a new position in shares of Hamilton Insurance Group during the 2nd quarter worth about $14,272,000. American Century Companies Inc. increased its stake in Hamilton Insurance Group by 15.7% in the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock valued at $47,879,000 after acquiring an additional 301,334 shares during the period. Balyasny Asset Management L.P. increased its stake in Hamilton Insurance Group by 66.8% in the second quarter. Balyasny Asset Management L.P. now owns 609,694 shares of the company’s stock valued at $13,182,000 after acquiring an additional 244,262 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Hamilton Insurance Group by 21.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,357,876 shares of the company’s stock worth $29,357,000 after purchasing an additional 235,935 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Hamilton Insurance Group by 375.6% in the second quarter. First Trust Advisors LP now owns 225,727 shares of the company’s stock worth $4,880,000 after purchasing an additional 178,262 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock opened at $28.67 on Monday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 5.15 and a beta of 0.56. The firm’s 50-day moving average price is $28.68 and its two-hundred day moving average price is $26.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group, Ltd. has a 1-year low of $16.80 and a 1-year high of $32.21.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Thursday, February 19th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. On average, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Hamilton Insurance Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 6th will be given a $2.00 dividend. The ex-dividend date is Friday, March 6th.

Analysts Set New Price Targets

HG has been the topic of a number of recent research reports. Wall Street Zen downgraded Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup raised their target price on Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Barclays reaffirmed an “overweight” rating and issued a $35.00 price target on shares of Hamilton Insurance Group in a research note on Friday, February 20th. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $26.00 price objective on shares of Hamilton Insurance Group in a research note on Tuesday, December 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Hamilton Insurance Group 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.