Cubist Systematic Strategies LLC Sells 52,990 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Cubist Systematic Strategies LLC lowered its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 28.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,384 shares of the company's stock after selling 52,990 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.13% of Hamilton Insurance Group worth $2,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Management Group Inc. bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $10,511,000. Kennedy Capital Management LLC boosted its stake in shares of Hamilton Insurance Group by 179.6% in the 4th quarter. Kennedy Capital Management LLC now owns 403,129 shares of the company's stock valued at $7,672,000 after purchasing an additional 258,958 shares during the last quarter. FIL Ltd boosted its stake in shares of Hamilton Insurance Group by 99.6% in the 4th quarter. FIL Ltd now owns 400,881 shares of the company's stock valued at $7,629,000 after purchasing an additional 200,000 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $2,926,000. Finally, Victory Capital Management Inc. bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $2,362,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Trading Up 2.2%

Shares of Hamilton Insurance Group stock traded up $0.45 on Thursday, hitting $20.86. The stock had a trading volume of 380,024 shares, compared to its average volume of 518,366. The stock has a 50 day moving average of $19.57 and a 200 day moving average of $19.07. Hamilton Insurance Group, Ltd. has a twelve month low of $15.19 and a twelve month high of $21.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $2.12 billion, a P/E ratio of 4.67 and a beta of 0.61.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. Sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction on 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 directly owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 15,000 shares of company stock valued at $311,566. 17.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HG. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Finally, JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.