Trexquant Investment LP Increases Stock Position in Hamilton Insurance Group, Ltd. $HG

Trexquant Investment LP increased its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 94.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,166 shares of the company’s stock after acquiring an additional 108,218 shares during the quarter. Trexquant Investment LP owned about 0.22% of Hamilton Insurance Group worth $4,626,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HG. Amalgamated Bank raised its stake in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock worth $30,000 after acquiring an additional 685 shares in the last quarter. CWM LLC raised its stake in shares of Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company’s stock worth $35,000 after acquiring an additional 1,075 shares in the last quarter. Bfsg LLC raised its stake in shares of Hamilton Insurance Group by 50.2% during the 1st quarter. Bfsg LLC now owns 6,103 shares of the company’s stock worth $127,000 after acquiring an additional 2,040 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $206,000. Finally, ProShare Advisors LLC bought a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $212,000. Institutional investors own 29.17% of the company’s stock.

Analyst Upgrades and Downgrades

HG has been the subject of several recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Barclays upped their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.43.

Insiders Place Their Bets

In other news, insider Alexander James Baker sold 6,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the sale, the insider owned 116,338 shares in the company, valued at $2,767,681.02. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.00, for a total transaction of $455,712.00. Following the completion of the sale, the insider owned 64,512 shares in the company, valued at $1,548,288. The trade was a 22.74% decrease in their position. The disclosure for this sale can be found here. 17.46% of the stock is owned by corporate insiders.

Hamilton Insurance Group Trading Down 0.4%

Shares of Hamilton Insurance Group stock opened at $23.87 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 12-month low of $16.80 and a 12-month high of $24.54. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 6.59 and a beta of 0.81. The firm’s 50 day simple moving average is $22.08 and its two-hundred day simple moving average is $20.72.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.54. The firm had revenue of $712.03 million for the quarter, compared to analyst estimates of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. Analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Profile

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.