Trexquant Investment LP Reduces Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Trexquant Investment LP lowered its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,948 shares of the company's stock after selling 30,090 shares during the quarter. Trexquant Investment LP owned about 0.11% of Hamilton Insurance Group worth $2,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HG. Geode Capital Management LLC raised its stake in Hamilton Insurance Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 478,057 shares of the company's stock worth $9,097,000 after acquiring an additional 2,504 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Hamilton Insurance Group by 15.0% in the fourth quarter. Franklin Resources Inc. now owns 114,062 shares of the company's stock worth $2,171,000 after purchasing an additional 14,872 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Hamilton Insurance Group by 22.7% during the fourth quarter. Prudential Financial Inc. now owns 17,280 shares of the company's stock worth $329,000 after purchasing an additional 3,200 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $235,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Hamilton Insurance Group in the fourth quarter valued at approximately $367,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the 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 of the company's stock, valued at $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 15,000 shares of company stock valued at $311,566. 2.70% of the stock is owned by company insiders.

Hamilton Insurance Group Price Performance

Shares of HG stock traded up $0.61 during mid-day trading on Monday, hitting $18.07. 26,421 shares of the stock were exchanged, compared to its average volume of 501,680. Hamilton Insurance Group, Ltd. has a 52-week low of $12.90 and a 52-week high of $21.68. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.83 billion, a PE ratio of 4.04 and a beta of 0.47. The firm has a fifty day moving average of $19.61 and a 200 day moving average of $19.00.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.44). The business 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%. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on HG. Wells Fargo & Company decreased 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 note on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Barclays set a $25.00 target price on Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.