Cubist Systematic Strategies LLC Has $2.56 Million Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

Cubist Systematic Strategies LLC reduced its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 28.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,384 shares of the company’s stock after selling 52,990 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Hamilton Insurance Group were worth $2,557,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Sterling Capital Management LLC raised its stake in shares of Hamilton Insurance Group by 295.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after acquiring an additional 1,133 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth approximately $38,000. Bfsg LLC acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth approximately $77,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth approximately $147,000. Finally, Bellecapital International Ltd. acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth approximately $193,000. 29.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the sale, the chief executive officer now owns 203,847 shares of the company’s stock, valued at approximately $4,217,594.43. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 15,000 shares of company stock valued at $311,566. Corporate insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Trading Up 2.1%

HG opened at $20.71 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 4.63 and a beta of 0.61. The firm has a 50 day simple moving average of $19.59 and a 200 day simple moving average of $19.03. Hamilton Insurance Group, Ltd. has a fifty-two week low of $15.19 and a fifty-two week high of $21.68.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.43. The business had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. On average, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HG. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company dropped their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.60.

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.