Cubist Systematic Strategies LLC Sells 52,990 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Cubist Systematic Strategies LLC reduced its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 28.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,384 shares of the company’s stock after selling 52,990 shares during the period. Cubist Systematic Strategies LLC owned 0.13% of Hamilton Insurance Group worth $2,557,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its holdings in shares of Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock worth $1,114,000 after buying an additional 51,561 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Hamilton Insurance Group by 90.0% during the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock worth $1,845,000 after buying an additional 46,978 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth $311,000. Victory Capital Management Inc. bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth $2,362,000. Finally, Intech Investment Management LLC bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth $431,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $20.71 on Monday. The business’s 50 day moving average is $19.59 and its 200-day moving average is $19.03. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.10 billion, a PE ratio of 4.63 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a 1-year low of $15.19 and a 1-year 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 firm had revenue of $843.31 million for 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%. Sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Activity

In related news, CEO Adrian Joseph Daws sold 11,076 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the transaction, the chief executive officer now owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 15,000 shares of company stock worth $311,566. Corporate insiders own 17.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HG. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a report on Friday, February 28th. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.