Hamilton Insurance Group, Ltd. $HG Stake Raised by Trexquant Investment LP

Key Points

• Trexquant Investment LP boosted its stake in Hamilton Insurance Group by 94.1% in the first quarter, now owning approximately 223,166 shares valued at about $4.6 million.
• Other institutional investors like Amalgamated Bank and CWM LLC also significantly increased their positions in Hamilton Insurance Group, with the total institutional ownership at 29.17%.
• Hamilton Insurance Group reported earnings of $1.55 per share, surpassing analysts' expectations, and had a revenue of $712.03 million for the quarter.

Trexquant Investment LP raised its position in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 94.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,166 shares of the company's stock after acquiring an additional 108,218 shares during the quarter. Trexquant Investment LP owned 0.22% of Hamilton Insurance Group worth $4,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HG. Barclays PLC boosted its stake in shares of Hamilton Insurance Group by 13.4% during the 4th quarter. Barclays PLC now owns 65,367 shares of the company's stock valued at $1,244,000 after buying an additional 7,704 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Hamilton Insurance Group by 6.9% during the 4th quarter. MetLife Investment Management LLC now owns 24,525 shares of the company's stock valued at $467,000 after buying an additional 1,586 shares during the last quarter. Hsbc Holdings PLC bought a new position in Hamilton Insurance Group during the fourth quarter worth $244,000. Price T Rowe Associates Inc. MD lifted its stake in Hamilton Insurance Group by 20.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,840 shares of the company's stock worth $302,000 after purchasing an additional 2,726 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Hamilton Insurance Group by 3.2% during the fourth quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock worth $412,000 after purchasing an additional 679 shares during the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Stock Performance

Shares of HG traded up $0.28 during trading hours on Thursday, reaching $24.62. 431,442 shares of the company's stock traded hands, compared to its average volume of 518,181. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 6.80 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.69. Hamilton Insurance Group, Ltd. has a twelve month low of $16.80 and a twelve month high of $24.67. The business's fifty day simple moving average is $22.19 and its two-hundred day simple moving average is $20.76.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.54. The company had revenue of $712.03 million for the quarter, compared to analyst estimates of $519.50 million. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. 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 Venkatanarayana Krishnamoorthy sold 18,988 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.00, for a total transaction of $455,712.00. Following the transaction, the insider directly owned 64,512 shares of the company's stock, valued at approximately $1,548,288. This trade represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander James Baker sold 6,000 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total value of $142,740.00. Following the transaction, the insider directly owned 116,338 shares in the company, valued at approximately $2,767,681.02. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets restated a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Barclays raised their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. JMP Securities raised their price objective on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company raised their price objective on Hamilton Insurance Group from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $25.43.

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.