Hamilton Insurance Group, Ltd. $HG Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 8.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,023,968 shares of the company’s stock after selling 190,623 shares during the quarter. American Century Companies Inc. owned 2.02% of Hamilton Insurance Group worth $50,194,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in Hamilton Insurance Group by 186.0% during the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after buying an additional 37,329 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hamilton Insurance Group by 9.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after purchasing an additional 2,071 shares during the period. Millennium Management LLC boosted its position in Hamilton Insurance Group by 9.7% during the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock worth $9,180,000 after purchasing an additional 39,020 shares during the period. Goldman Sachs Group Inc. increased its holdings in Hamilton Insurance Group by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after purchasing an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Hamilton Insurance Group by 87.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock valued at $1,777,000 after purchasing an additional 39,927 shares during the period. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Analyst Upgrades and Downgrades

HG has been the subject of a number of recent research reports. Morgan Stanley set a $28.00 target price on Hamilton Insurance Group in a research note on Tuesday, December 16th. BMO Capital Markets restated a “market perform” rating and issued a $26.00 price target on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.29.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock opened at $30.52 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. Hamilton Insurance Group, Ltd. has a 12 month low of $16.80 and a 12 month high of $32.21. The company has a fifty day moving average price of $28.67 and a two-hundred day moving average price of $26.44. The company has a market cap of $3.00 billion, a PE ratio of 5.48 and a beta of 0.56.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. Research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Dividend Announcement

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

Hamilton Insurance Group Company 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.