Soros Fund Management LLC Lowers Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Soros Fund Management LLC trimmed its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company's stock after selling 50,000 shares during the period. Soros Fund Management LLC owned 0.20% of Hamilton Insurance Group worth $3,868,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HG. Vanguard Group Inc. bought a new stake in shares of Hamilton Insurance Group during the first quarter valued at approximately $2,545,000. California State Teachers Retirement System bought a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at $233,000. SG Americas Securities LLC purchased a new stake in shares of Hamilton Insurance Group in the 2nd quarter worth about $295,000. Bailard Inc. increased its stake in shares of Hamilton Insurance Group by 223.1% in the 2nd quarter. Bailard Inc. now owns 33,600 shares of the company's stock worth $559,000 after acquiring an additional 23,200 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Hamilton Insurance Group by 63.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 51,359 shares of the company's stock valued at $855,000 after acquiring an additional 19,991 shares during the period. Institutional investors own 29.17% of the company's stock.

Insider Activity

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares of the company's stock, valued at approximately $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

Hamilton Insurance Group Stock Down 0.4 %

Shares of Hamilton Insurance Group stock traded down $0.07 on Friday, reaching $19.20. The company's stock had a trading volume of 169,288 shares, compared to its average volume of 426,833. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The firm's fifty day simple moving average is $18.41 and its two-hundred day simple moving average is $17.77. 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 capitalization of $1.95 billion and a price-to-earnings ratio of 4.31.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same period last year, the company earned $0.41 EPS. Equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HG shares. Wells Fargo & Company upped their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. JMP Securities raised their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a "market outperform" rating in a research report on Thursday, August 8th. Morgan Stanley downgraded Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 target price on the stock. in a report on Monday, August 19th. Keefe, Bruyette & Woods raised their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. Finally, Barclays initiated coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $26.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.60.

Hamilton Insurance Group 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.