Hamilton Insurance Group, Ltd. $HG Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its stake in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 18.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 224,193 shares of the company's stock after selling 50,931 shares during the period. Bank of America Corp DE owned approximately 0.23% of Hamilton Insurance Group worth $6,688,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Hamilton Insurance Group by 186.0% during the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company's stock worth $1,190,000 after purchasing an additional 37,329 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hamilton Insurance Group by 9.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company's stock worth $510,000 after purchasing an additional 2,071 shares during the period. Millennium Management LLC grew its position in Hamilton Insurance Group by 9.7% during the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company's stock worth $9,180,000 after purchasing an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Hamilton Insurance Group by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company's stock worth $5,797,000 after purchasing an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Hamilton Insurance Group by 87.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company's stock valued at $1,777,000 after purchasing an additional 39,927 shares during the period. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of HG opened at $34.97 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $3.45 billion, a PE ratio of 6.09 and a beta of 0.33. The firm's 50 day moving average price is $34.62 and its 200 day moving average price is $32.03. Hamilton Insurance Group, Ltd. has a twelve month low of $22.66 and a twelve month high of $37.31.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The company had revenue of $839.58 million for the quarter. As a group, research analysts expect that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HG. Barclays increased their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Tuesday, July 7th. Citizens Jmp lifted their price target on Hamilton Insurance Group from $40.00 to $42.00 and gave the company a "market outperform" rating in a report on Friday, August 7th. Citigroup reissued a "neutral" rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. UBS Group set a $33.00 price objective on Hamilton Insurance Group in a research note on Thursday, May 21st. Finally, Wells Fargo & Company raised their price objective on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.12.

Hamilton Insurance Group Company 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.

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