Picton Mahoney Asset Management Sells 28,199 Shares of Hamilton Insurance Group, Ltd. $HG

Picton Mahoney Asset Management cut its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 45.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,256 shares of the company’s stock after selling 28,199 shares during the period. Picton Mahoney Asset Management’s holdings in Hamilton Insurance Group were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

HG has been the subject of a number of analyst reports. Morgan Stanley set a $28.00 price objective on Hamilton Insurance Group in a research note on Tuesday, December 16th. Wall Street Zen lowered Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Finally, Barclays reiterated an “overweight” rating and set a $35.00 target price on shares of Hamilton Insurance Group in a report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $28.67 on Friday. The company has a fifty day moving average price of $28.68 and a two-hundred day moving average price of $26.48. Hamilton Insurance Group, Ltd. has a one year low of $16.80 and a one year high of $32.21. The stock has a market cap of $2.84 billion, a P/E ratio of 5.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. As a group, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 6th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, March 6th.

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.