Point72 Asia Singapore Pte. Ltd. Sells 21,544 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Point72 Asia Singapore Pte. Ltd. cut its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 56.3% in the second quarter, Holdings Channel reports. The institutional investor owned 16,689 shares of the company’s stock after selling 21,544 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Hamilton Insurance Group were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HG. Wellington Management Group LLP bought a new position in shares of Hamilton Insurance Group during the fourth quarter worth about $19,249,000. Federated Hermes Inc. acquired a new position in shares of Hamilton Insurance Group during the 2nd quarter worth approximately $6,454,000. American Century Companies Inc. increased its position in shares of Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after purchasing an additional 313,417 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth approximately $3,831,000. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $3,738,000. 29.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted 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. Morgan Stanley lowered 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. JMP Securities boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Finally, Barclays began coverage on Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $21.29.

Hamilton Insurance Group Price Performance

Shares of HG stock opened at $18.73 on Wednesday. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $20.71. The business has a fifty day simple moving average of $18.38 and a 200 day simple moving average of $16.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.08 billion and a P/E ratio of 5.69.

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

Hamilton Insurance Group Company 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.