Hamilton Insurance Group, Ltd. $HG Holdings Lowered by American Century Companies Inc.

American Century Companies Inc. lowered its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 8.6% during the third quarter, HoldingsChannel reports. The firm owned 2,023,968 shares of the company’s stock after selling 190,623 shares during the period. American Century Companies Inc.’s holdings in Hamilton Insurance Group were worth $50,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hamilton Insurance Group by 21.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,357,876 shares of the company’s stock worth $29,357,000 after buying an additional 235,935 shares during the period. Private Management Group Inc. boosted its stake in Hamilton Insurance Group by 0.6% in the 2nd quarter. Private Management Group Inc. now owns 891,164 shares of the company’s stock worth $19,267,000 after purchasing an additional 5,168 shares during the period. Bridgeway Capital Management LLC grew its position in Hamilton Insurance Group by 18.3% during the 2nd quarter. Bridgeway Capital Management LLC now owns 688,049 shares of the company’s stock worth $14,876,000 after purchasing an additional 106,295 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in Hamilton Insurance Group during the 2nd quarter worth approximately $14,272,000. Finally, Balyasny Asset Management L.P. raised its stake in Hamilton Insurance Group by 66.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 609,694 shares of the company’s stock valued at $13,182,000 after purchasing an additional 244,262 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Down 2.3%

Shares of NYSE HG opened at $30.52 on Friday. The business has a 50 day simple moving average of $28.67 and a 200 day simple moving average of $26.44. Hamilton Insurance Group, Ltd. has a 52 week low of $16.80 and a 52 week high of $32.21. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 5.48 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 (NYSE:HG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Hamilton Insurance Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 6th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, March 6th.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HG. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Barclays restated an “overweight” rating and set a $35.00 price objective on shares of Hamilton Insurance Group in a research report on Friday, February 20th. Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods boosted 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 report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.29.

About Hamilton Insurance Group

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.