Quantbot Technologies LP Buys 14,773 Shares of Hamilton Insurance Group, Ltd. $HG

Key Points

• Quantbot Technologies LP increased its stake in Hamilton Insurance Group by 38.6%, acquiring an additional 14,773 shares, bringing its total ownership to about $1.1 million.
• Several institutional investors have also increased their holdings, with Nuveen LLC investing around $50.8 million and Wellington Management boosting its stake by 26.1%.
• Hamilton Insurance Group reported $1.55 earnings per share for the last quarter, significantly surpassing analysts' expectations of $1.01, and has a current market capitalization of $2.41 billion.

Quantbot Technologies LP boosted its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 38.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,078 shares of the company's stock after acquiring an additional 14,773 shares during the period. Quantbot Technologies LP owned 0.05% of Hamilton Insurance Group worth $1,100,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after acquiring an additional 1,133 shares during the period. Amalgamated Bank raised its holdings in Hamilton Insurance Group by 92.2% in the first quarter. Amalgamated Bank now owns 1,428 shares of the company's stock worth $30,000 after buying an additional 685 shares during the last quarter. CWM LLC raised its holdings in Hamilton Insurance Group by 172.6% in the first quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after buying an additional 1,075 shares during the last quarter. Bfsg LLC raised its holdings in Hamilton Insurance Group by 50.2% in the first quarter. Bfsg LLC now owns 6,103 shares of the company's stock worth $127,000 after buying an additional 2,040 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Hamilton Insurance Group in the fourth quarter worth about $206,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HG has been the subject of several recent analyst reports. Wall Street Zen cut shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. BMO Capital Markets reissued a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Wells Fargo & Company boosted their price objective on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Barclays boosted their price objective on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.43.

Insiders Place Their Bets

In other Hamilton Insurance Group news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $24.00, for a total value of $455,712.00. Following the completion of the transaction, the insider directly owned 64,512 shares in the company, valued at $1,548,288. This represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adrian Joseph Daws sold 6,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the chief executive officer owned 190,440 shares of the company's stock, valued at approximately $4,189,680. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,988 shares of company stock worth $730,452 over the last three months. 17.46% of the stock is currently owned by company insiders.

Hamilton Insurance Group Stock Performance

NYSE HG traded up $0.11 during trading hours on Friday, hitting $24.07. 72,640 shares of the company's stock traded hands, compared to its average volume of 516,745. The business's fifty day moving average price is $21.97 and its two-hundred day moving average price is $20.62. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.41 billion, a P/E ratio of 6.65 and a beta of 0.81. Hamilton Insurance Group, Ltd. has a 52 week low of $16.80 and a 52 week high of $24.54.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.54. The company had revenue of $712.03 million during the quarter, compared to analyst estimates of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. Equities research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

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.