SG Americas Securities LLC Invests $9.35 Million in Hamilton Insurance Group, Ltd. $HG

SG Americas Securities LLC acquired a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 335,152 shares of the company’s stock, valued at approximately $9,351,000. SG Americas Securities LLC owned approximately 0.34% of Hamilton Insurance Group as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position 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 acquiring an additional 37,329 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hamilton Insurance Group by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock valued at $510,000 after purchasing an additional 2,071 shares during the last quarter. Millennium Management LLC increased its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Hamilton Insurance Group by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock worth $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 shares of Hamilton Insurance Group by 87.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock worth $1,777,000 after purchasing an additional 39,927 shares during the last quarter. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Up 0.1%

Shares of NYSE HG opened at $28.65 on Monday. The firm has a market cap of $2.84 billion, a P/E ratio of 5.14 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $32.21. The firm’s 50 day moving average price is $29.24 and its 200 day moving average price is $27.04.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Thursday, February 19th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%.The company had revenue of $728.33 million during the quarter, compared to the consensus estimate of $621.00 million. As a group, sell-side analysts anticipate 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 paid a $2.00 dividend. The ex-dividend date is Friday, March 6th.

Analyst Upgrades and Downgrades

HG has been the topic 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. Citigroup boosted their price target on Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 20th. Finally, Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.29.

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.