Quantbot Technologies LP Sells 62,655 Shares of Hamilton Insurance Group, Ltd. $HG

Quantbot Technologies LP cut its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 72.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,824 shares of the company’s stock after selling 62,655 shares during the quarter. Quantbot Technologies LP’s holdings in Hamilton Insurance Group were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Federated Hermes Inc. grew its holdings in Hamilton Insurance Group by 30.5% during the 3rd quarter. Federated Hermes Inc. now owns 587,951 shares of the company’s stock worth $14,581,000 after acquiring an additional 137,501 shares during the last quarter. Inspire Investing LLC acquired a new stake in Hamilton Insurance Group in the 3rd quarter valued at about $1,082,000. Great Lakes Advisors LLC bought a new position in shares of Hamilton Insurance Group in the third quarter worth about $2,222,000. Seizert Capital Partners LLC acquired a new position in shares of Hamilton Insurance Group during the third quarter worth approximately $2,106,000. Finally, American Century Companies Inc. lifted its position in shares of Hamilton Insurance Group by 15.7% during the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock worth $47,879,000 after purchasing an additional 301,334 shares in the last quarter. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Trading Down 6.1%

Shares of NYSE HG opened at $28.67 on Monday. The company’s 50 day simple moving average is $28.68 and its 200 day simple moving average is $26.53. Hamilton Insurance Group, Ltd. has a fifty-two week low of $16.80 and a fifty-two week high of $32.21. The firm has a market capitalization of $2.84 billion, a P/E ratio of 5.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Thursday, February 19th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. On average, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 6th will be issued a $2.00 dividend. The ex-dividend date is Friday, March 6th.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HG shares. Citigroup raised their price target on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Barclays restated an “overweight” rating and set a $35.00 target price on shares of Hamilton Insurance Group in a research report on Friday, February 20th. Finally, Citizens Jmp upped their price target on Hamilton Insurance Group from $32.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, February 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Hamilton Insurance Group Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.