Picton Mahoney Asset Management Sells 28,199 Shares of Hamilton Insurance Group, Ltd. $HG

Picton Mahoney Asset Management lessened its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 45.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,256 shares of the company’s stock after selling 28,199 shares during the period. Picton Mahoney Asset Management’s holdings in Hamilton Insurance Group were worth $849,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Hamilton Insurance Group by 1,404.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock worth $42,000 after purchasing an additional 1,587 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Hamilton Insurance Group during the third quarter worth $71,000. Ameritas Investment Partners Inc. increased its position in shares of Hamilton Insurance Group by 14.6% during the second quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock worth $99,000 after buying an additional 585 shares during the period. Strs Ohio bought a new position in Hamilton Insurance Group during the first quarter worth $112,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Hamilton Insurance Group by 24.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after buying an additional 1,101 shares during the period. Institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HG. Wells Fargo & Company upped their target price on Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Barclays reissued an “overweight” rating and issued a $35.00 price target on shares of Hamilton Insurance Group in a research note on Friday, February 20th. Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $32.29.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $28.67 on Friday. The company has a market capitalization of $2.84 billion, a PE ratio of 5.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. Hamilton Insurance Group, Ltd. has a 52-week low of $16.80 and a 52-week high of $32.21. The company has a 50-day simple moving average of $28.68 and a 200 day simple moving average of $26.48.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 6th will be given a dividend of $2.00 per share. The ex-dividend date is Friday, March 6th.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.