Hamilton Insurance Group, Ltd. (NYSE:HG) Position Trimmed by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 8.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 605,100 shares of the company’s stock after selling 53,381 shares during the period. Marshall Wace LLP’s holdings in Hamilton Insurance Group were worth $10,075,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new position in Hamilton Insurance Group during the 4th quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Hamilton Insurance Group in the 2nd quarter worth approximately $34,000. American International Group Inc. acquired a new stake in Hamilton Insurance Group in the 1st quarter valued at approximately $115,000. Rhumbline Advisers raised its stake in Hamilton Insurance Group by 52.0% during the 2nd quarter. Rhumbline Advisers now owns 25,068 shares of the company’s stock valued at $417,000 after acquiring an additional 8,572 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hamilton Insurance Group during the 2nd quarter worth $156,000. 29.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hamilton Insurance Group Price Performance

HG stock opened at $19.80 on Monday. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $20.71. The firm has a 50-day moving average of $18.29 and a two-hundred day moving average of $16.29. The firm has a market capitalization of $2.20 billion and a PE ratio of 6.02. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.91 by $0.29. Hamilton Insurance Group had a net margin of 21.45% and a return on equity of 21.77%. The business had revenue of $587.94 million during the quarter, compared to the consensus estimate of $502.37 million. On average, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.21 earnings per share 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.