Arrowstreet Capital Limited Partnership Sells 475,847 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Arrowstreet Capital Limited Partnership reduced its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 411,854 shares of the company's stock after selling 475,847 shares during the period. Arrowstreet Capital Limited Partnership owned 0.41% of Hamilton Insurance Group worth $7,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Hamilton Insurance Group by 176.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company's stock worth $2,143,000 after purchasing an additional 70,732 shares during the last quarter. Barclays PLC boosted its holdings in Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company's stock worth $1,114,000 after buying an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Hamilton Insurance Group during the third quarter worth approximately $525,000. Geode Capital Management LLC grew its position in Hamilton Insurance Group by 136.5% in the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after buying an additional 274,483 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Hamilton Insurance Group by 90.0% in the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock valued at $1,845,000 after buying an additional 46,978 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Stock Down 1.1 %

HG stock traded down $0.20 during midday trading on Friday, reaching $17.49. The company had a trading volume of 744,935 shares, compared to its average volume of 503,622. The company has a 50 day moving average of $19.61 and a two-hundred day moving average of $19.01. The company has a market capitalization of $1.77 billion, a P/E ratio of 3.91 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a 1 year low of $12.80 and a 1 year high of $21.68. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million for the quarter, compared to analysts' expectations of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. On average, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction that occurred 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 directly owns 199,923 shares in the company, valued at $4,198,383. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 15,000 shares of company stock valued at $311,566 in the last three months. Corporate insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

HG has been the subject of several analyst reports. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods increased 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 stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

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.