Arrowstreet Capital Limited Partnership Trims Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Arrowstreet Capital Limited Partnership decreased its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 53.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,854 shares of the company’s stock after selling 475,847 shares during the period. Arrowstreet Capital Limited Partnership owned 0.41% of Hamilton Insurance Group worth $7,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP boosted its stake in Hamilton Insurance Group by 448.5% during 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 during the period. Spire Wealth Management purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $38,000. Bfsg LLC acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at approximately $77,000. Toronto Dominion Bank purchased a new stake in Hamilton Insurance Group in the third quarter valued at approximately $97,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in Hamilton Insurance Group during the fourth quarter worth $147,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. Keefe, Bruyette & Woods boosted their price target 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. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $23.80.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the transaction, the chief executive officer now owns 203,847 shares in the company, valued at approximately $4,217,594.43. This represents a 5.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 15,000 shares of company stock valued at $311,566. Insiders own 2.70% of the company’s stock.

Hamilton Insurance Group Price Performance

HG stock opened at $19.27 on Monday. The business’s 50-day moving average is $19.78 and its two-hundred day moving average is $19.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1.95 billion, a P/E ratio of 4.31 and a beta of 0.47. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $21.68.

Hamilton Insurance Group (NYSE:HG) last issued its 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). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

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.