Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 56.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,689 shares of the company’s stock after selling 21,544 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Hamilton Insurance Group were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Swiss National Bank bought a new stake in Hamilton Insurance Group in the 1st quarter valued at $462,000. Gillson Capital LP acquired a new position in Hamilton Insurance Group in the 4th quarter valued at approximately $1,314,000. Sei Investments Co. lifted its position in shares of Hamilton Insurance Group by 25.3% in the 1st quarter. Sei Investments Co. now owns 204,185 shares of the company’s stock worth $2,844,000 after acquiring an additional 41,256 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter worth approximately $1,473,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $3,738,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

Shares of HG stock opened at $18.73 on Wednesday. The firm’s 50 day moving average is $18.38 and its 200-day moving average is $16.38. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $20.71. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.08 billion and a price-to-earnings ratio of 5.69.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.29. The firm had revenue of $587.94 million for the quarter, compared to the consensus estimate of $502.37 million. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HG shares. Morgan Stanley lowered shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a report on Monday, August 19th. JMP Securities lifted their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, August 8th. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Barclays began coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Hamilton Insurance Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.29.

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.