Millennium Management LLC Has $5.48 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Millennium Management LLC lessened its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 32.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329,099 shares of the company’s stock after selling 156,859 shares during the period. Millennium Management LLC owned 0.30% of Hamilton Insurance Group worth $5,479,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Hamilton Insurance Group during the 2nd quarter worth approximately $34,000. American International Group Inc. bought a new stake in Hamilton Insurance Group during the 1st quarter worth approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Hamilton Insurance Group during the 2nd quarter worth approximately $156,000. Finally, Fifth Lane Capital LP bought a new stake in Hamilton Insurance Group during the 1st quarter worth approximately $151,000. Institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HG. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective for the company. in a report on Monday, August 19th. Keefe, Bruyette & Woods upped their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Barclays started coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price for the company. Wells Fargo & Company upped their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday. Finally, JMP Securities upped their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.43.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $18.50 on Friday. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $20.71. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $18.57 and its 200 day simple moving average is $16.59. The company has a market cap of $1.89 billion and a price-to-earnings ratio of 4.47.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data 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 return on equity of 21.77% and a net margin of 21.45%. The business had revenue of $587.94 million for the quarter, compared to the consensus estimate of $502.37 million. Sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.12 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.