Bailard Inc. Sells 18,118 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Bailard Inc. trimmed its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 53.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,482 shares of the company’s stock after selling 18,118 shares during the quarter. Bailard Inc.’s holdings in Hamilton Insurance Group were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP increased its position in Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after acquiring an additional 1,341 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at about $38,000. Bfsg LLC purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at about $77,000. Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group in the 3rd quarter worth approximately $97,000. Finally, US Bancorp DE purchased a new position in shares of Hamilton Insurance Group in the third quarter worth approximately $107,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $20.91 on Thursday. The company has a market capitalization of $2.12 billion, a P/E ratio of 4.68 and a beta of 1.02. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $20.96. The firm’s 50 day simple moving average is $18.94 and its two-hundred day simple moving average is $18.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.80.

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.