Quantbot Technologies LP Buys 33,401 Shares of Hamilton Insurance Group, Ltd. $HG

Quantbot Technologies LP grew its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 62.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,479 shares of the company’s stock after buying an additional 33,401 shares during the period. Quantbot Technologies LP’s holdings in Hamilton Insurance Group were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in Hamilton Insurance Group by 0.6% in the first quarter. Deutsche Bank AG now owns 100,206 shares of the company’s stock valued at $2,077,000 after acquiring an additional 555 shares during the last quarter. Swiss National Bank lifted its position in shares of Hamilton Insurance Group by 60.4% in the 1st quarter. Swiss National Bank now owns 87,100 shares of the company’s stock worth $1,806,000 after purchasing an additional 32,800 shares during the period. Invesco Ltd. lifted its position in shares of Hamilton Insurance Group by 4.0% in the 1st quarter. Invesco Ltd. now owns 25,442 shares of the company’s stock worth $527,000 after purchasing an additional 987 shares during the period. Nuveen LLC bought a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at $50,838,000. Finally, Informed Momentum Co LLC acquired a new stake in shares of Hamilton Insurance Group during the first quarter worth $3,143,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $26.45 on Friday. Hamilton Insurance Group, Ltd. has a one year low of $16.80 and a one year high of $27.88. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 6.30 and a beta of 0.70. The business has a 50-day simple moving average of $25.29 and a 200 day simple moving average of $23.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.66.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.61. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%.The business had revenue of $667.65 million for the quarter, compared to analyst estimates of $537.70 million. On average, research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Alexander James Baker sold 18,350 shares of Hamilton Insurance Group stock in a transaction on Friday, November 14th. The shares were sold at an average price of $26.19, for a total value of $480,586.50. Following the completion of the sale, the chief executive officer owned 84,136 shares of the company’s stock, valued at approximately $2,203,521.84. This trade represents a 17.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on HG. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a report on Wednesday, November 5th. JMP Securities set a $32.00 price objective on Hamilton Insurance Group in a research note on Wednesday, November 5th. Barclays raised their target price on Hamilton Insurance Group from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.63.

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.