Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 44.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 290,600 shares of the company’s stock after selling 228,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.29% of Hamilton Insurance Group worth $5,530,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock worth $1,114,000 after acquiring an additional 51,561 shares during the period. Geode Capital Management LLC raised its stake in Hamilton Insurance Group by 136.5% during the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock worth $9,197,000 after purchasing an additional 274,483 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Hamilton Insurance Group by 90.0% in the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after purchasing an additional 46,978 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Hamilton Insurance Group by 538.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company’s stock valued at $16,677,000 after buying an additional 727,242 shares during the period. Finally, State Street Corp increased its holdings in shares of Hamilton Insurance Group by 133.3% during the 3rd quarter. State Street Corp now owns 532,632 shares of the company’s stock worth $10,301,000 after buying an additional 304,371 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HG shares. Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Wells Fargo & Company reduced their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $23.60.

Hamilton Insurance Group Stock Up 0.9 %

NYSE HG opened at $18.51 on Monday. The stock has a market cap of $1.88 billion, a PE ratio of 4.14 and a beta of 0.47. The business has a 50 day moving average price of $19.57 and a two-hundred day moving average price of $18.98. Hamilton Insurance Group, Ltd. has a fifty-two week low of $13.20 and a fifty-two week high of $21.68. 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 quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The firm had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. As a group, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value 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. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 15,000 shares of company stock worth $311,566. 17.46% 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.