Tudor Investment Corp ET AL Trims Stake in Hamilton Insurance Group, Ltd. $HG

Key Points

• Tudor Investment Corp ET AL trimmed its stake in Hamilton Insurance Group by 28.3%, selling 109,406 shares and now holding 277,116 shares worth about $6.87 million.
• Hamilton reported a strong quarter with a $1.65 EPS (vs. $0.69 estimate) and $728.33M revenue (vs. $621M), and it paid a $2.00 special dividend to shareholders.
• Analyst sentiment is broadly positive — five Buys and four Holds yielding an average rating of “Moderate Buy” and an average price target of $32.29, with recent targets as high as $35.00.

Tudor Investment Corp ET AL lowered its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG - Free Report) by 28.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,116 shares of the company's stock after selling 109,406 shares during the quarter. Tudor Investment Corp ET AL owned 0.28% of Hamilton Insurance Group worth $6,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Polymer Capital Management US LLC purchased a new stake in Hamilton Insurance Group in the third quarter valued at $363,000. Mariner LLC raised its position in Hamilton Insurance Group by 107.3% in the third quarter. Mariner LLC now owns 57,687 shares of the company's stock valued at $1,431,000 after purchasing an additional 29,856 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Hamilton Insurance Group in the third quarter valued at $245,000. Millennium Management LLC raised its position in Hamilton Insurance Group by 2.9% in the third quarter. Millennium Management LLC now owns 464,406 shares of the company's stock valued at $11,517,000 after purchasing an additional 13,018 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Hamilton Insurance Group in the third quarter valued at $3,962,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays restated an "overweight" rating and issued a $35.00 target price on shares of Hamilton Insurance Group in a research report on Friday, February 20th. Keefe, Bruyette & Woods boosted their price objective on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, February 23rd. Morgan Stanley set a $28.00 price objective on Hamilton Insurance Group in a report on Tuesday, December 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Finally, Citigroup boosted their price objective on Hamilton Insurance Group from $28.50 to $33.00 and gave the company a "neutral" rating in a report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $32.29.

Hamilton Insurance Group Price Performance

HG stock opened at $30.53 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.02 billion, a PE ratio of 5.48 and a beta of 0.53. Hamilton Insurance Group, Ltd. has a 12-month low of $16.80 and a 12-month high of $32.21. The business's fifty day moving average price is $29.67 and its 200 day moving average price is $27.34.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Saturday, February 14th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%.The firm had revenue of $728.33 million during the quarter, compared to analysts' expectations of $621.00 million. On average, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 6th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 6th.

Hamilton Insurance Group 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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