Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,305 shares of the company's stock after selling 63,596 shares during the quarter. Quantbot Technologies LP's holdings in Hamilton Insurance Group were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of HG. Quarry LP boosted its stake in Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company's stock worth $32,000 after buying an additional 1,341 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $38,000. Bfsg LLC purchased a new position in Hamilton Insurance Group during the fourth quarter valued at $77,000. Toronto Dominion Bank bought a new stake in Hamilton Insurance Group during the third quarter worth about $97,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $147,000. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Trading Down 1.2 %

Shares of NYSE HG traded down $0.27 during trading hours on Friday, hitting $21.32. 478,337 shares of the company traded hands, compared to its average volume of 482,300. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 4.77 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $21.68. The company's 50 day moving average price is $19.64 and its 200 day moving average price is $18.96. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

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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 for the quarter, missing the consensus estimate of $0.76 by ($0.44). The business had revenue of $543.94 million during 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 anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the sale, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. This represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 15,000 shares of company stock worth $311,566 in the last three months. Corporate insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HG. Wells Fargo & Company boosted their target price on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Keefe, Bruyette & Woods upped their target price 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 target price on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.80.

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.