Hamilton Insurance Group, Ltd. $HG Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 82.3% in the first quarter, Holdings Channel reports. The firm owned 27,548 shares of the company’s stock after selling 128,252 shares during the period. Renaissance Technologies LLC’s holdings in Hamilton Insurance Group were worth $822,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HG. Kestra Advisory Services LLC acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth about $25,000. KBC Group NV acquired a new stake in shares of Hamilton Insurance Group in the first quarter valued at about $65,000. Royal Bank of Canada raised its holdings in shares of Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after buying an additional 410 shares during the period. Strs Ohio purchased a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at about $112,000. Finally, Tower Research Capital LLC TRC lifted its position in Hamilton Insurance Group by 24.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock worth $123,000 after acquiring an additional 1,101 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock opened at $35.86 on Friday. Hamilton Insurance Group, Ltd. has a 52 week low of $22.66 and a 52 week high of $37.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.54 billion, a P/E ratio of 6.25 and a beta of 0.33. The stock has a 50 day moving average of $34.07 and a 200-day moving average of $31.61.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. On average, analysts expect that Hamilton Insurance Group, Ltd. will post 4.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David A. Brown sold 37,300 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the sale, the director owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. The trade was a 7.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HG has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citizens Jmp upped their target price on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research note on Friday, August 7th. Wells Fargo & Company raised their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.75.

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.