D. E. Shaw & Co. Inc. Has $2.11 Million Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

D. E. Shaw & Co. Inc. reduced its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,675 shares of the company’s stock after selling 79,915 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of Hamilton Insurance Group worth $2,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after purchasing an additional 1,133 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter worth about $38,000. Bfsg LLC bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $77,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $147,000. Finally, Bellecapital International Ltd. bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $193,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $21.26 on Wednesday. Hamilton Insurance Group, Ltd. has a 1-year low of $15.19 and a 1-year high of $21.68. The firm has a market capitalization of $2.16 billion, a PE ratio of 4.76 and a beta of 0.61. The business’s 50 day moving average is $19.62 and its 200-day moving average is $19.18. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. Sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HG. Wells Fargo & Company cut their price objective on Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Morgan Stanley raised their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.80.

Insider Transactions at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 3,785 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 199,923 shares in the company, valued at $4,198,383. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Therese M. Vaughan bought 4,750 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average price of $21.05 per share, with a total value of $99,987.50. Following the transaction, the director now directly owns 20,892 shares in the company, valued at $439,776.60. This trade represents a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 15,000 shares of company stock valued at $311,566. 17.46% of the stock is 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.