Renaissance Technologies LLC Has $5.53 Million Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Renaissance Technologies LLC lessened its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent 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 about 0.29% of Hamilton Insurance Group worth $5,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HG. Spire Wealth Management acquired a new stake in Hamilton Insurance Group during the fourth quarter worth approximately $38,000. Geode Capital Management LLC lifted its position in shares of Hamilton Insurance Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 478,057 shares of the company's stock valued at $9,097,000 after acquiring an additional 2,504 shares during the period. Prudential Financial Inc. grew its holdings in shares of Hamilton Insurance Group by 22.7% during the 4th quarter. Prudential Financial Inc. now owns 17,280 shares of the company's stock worth $329,000 after purchasing an additional 3,200 shares in the last quarter. Rhumbline Advisers increased its position in shares of Hamilton Insurance Group by 6.9% in the fourth quarter. Rhumbline Advisers now owns 57,207 shares of the company's stock worth $1,089,000 after purchasing an additional 3,699 shares during the period. Finally, Bfsg LLC acquired a new position in Hamilton Insurance Group in the fourth quarter valued at about $77,000. Institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock traded down $0.34 during midday trading on Friday, hitting $17.80. 134,944 shares of the company traded hands, compared to its average volume of 507,261. The firm's fifty day moving average price is $19.52 and its 200-day moving average price is $18.97. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 3.98 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a 12 month low of $13.20 and a 12 month high of $21.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its 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). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. As a group, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 15,000 shares of company stock worth $311,566 in the last 90 days. Insiders own 17.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Hamilton Insurance Group

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.