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 raised its position 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 disclosure with the Securities & Exchange Commission. 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 approximately 0.05% of Hamilton Insurance Group worth $1,100,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Amalgamated Bank boosted its holdings in shares of Hamilton Insurance Group by 92.2% during the first quarter. Amalgamated Bank now owns 1,428 shares of the company's stock worth $30,000 after acquiring an additional 685 shares during the period. Arizona State Retirement System bought a new stake in shares of Hamilton Insurance Group during the first quarter worth approximately $267,000. Victory Capital Management Inc. boosted its holdings in shares of Hamilton Insurance Group by 279.5% during the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock worth $9,766,000 after acquiring an additional 346,998 shares during the period. Swiss National Bank boosted its holdings in shares of Hamilton Insurance Group by 60.4% during the first quarter. Swiss National Bank now owns 87,100 shares of the company's stock worth $1,806,000 after acquiring an additional 32,800 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Hamilton Insurance Group by 18.8% during the fourth quarter. Bank of America Corp DE now owns 212,586 shares of the company's stock worth $4,046,000 after acquiring an additional 33,613 shares during the period. Institutional investors own 29.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HG shares. JMP Securities boosted their price objective on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $23.00 price target on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. 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 research report on Tuesday, August 12th. Finally, Morgan Stanley reiterated a "cautious" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $25.43.

Hamilton Insurance Group Trading Down 0.4%

Hamilton Insurance Group stock traded down $0.09 during trading hours on Friday, reaching $23.87. 412,670 shares of the company's stock were exchanged, compared to its average volume of 538,214. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The firm's 50 day simple moving average is $22.03 and its 200 day simple moving average is $20.65. Hamilton Insurance Group, Ltd. has a twelve month low of $16.80 and a twelve month high of $24.54. The firm has a market capitalization of $2.39 billion, a PE ratio of 6.59 and a beta of 0.81.

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

Insiders Place Their Bets

In other news, insider Alexander James Baker sold 6,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total transaction of $142,740.00. Following the transaction, the insider owned 116,338 shares of the company's stock, valued at $2,767,681.02. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Adrian Joseph Daws sold 6,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the transaction, the chief executive officer directly owned 190,440 shares in the company, valued at $4,189,680. This trade represents a 3.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,988 shares of company stock worth $730,452. Company insiders own 17.46% of the company's stock.

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.