Hamilton Insurance Group (NYSE:HG) Director Sells $404,114.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 12,700 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $31.82, for a total transaction of $404,114.00. Following the completion of the transaction, the director owned 487,300 shares of the company’s stock, valued at $15,505,886. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hamilton Insurance Group Trading Down 1.7%

Hamilton Insurance Group stock opened at $31.85 on Friday. The firm has a 50 day simple moving average of $30.68 and a 200-day simple moving average of $28.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $3.16 billion, a PE ratio of 5.21 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a 12-month low of $20.39 and a 12-month high of $33.72.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.56. The business had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. As a group, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on HG. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a report on Friday, May 1st. Morgan Stanley increased their price objective on shares of Hamilton Insurance Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Wall Street Zen cut shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Wells Fargo & Company increased their price objective on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.00.

Institutional Trading of Hamilton Insurance Group

A number of large investors have recently added to or reduced their stakes in the business. Cim LLC boosted its holdings in Hamilton Insurance Group by 78.9% during the first quarter. Cim LLC now owns 21,262 shares of the company’s stock worth $634,000 after buying an additional 9,374 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Hamilton Insurance Group by 38.0% during the first quarter. California State Teachers Retirement System now owns 59,732 shares of the company’s stock worth $1,782,000 after buying an additional 16,437 shares in the last quarter. Empowered Funds LLC boosted its holdings in Hamilton Insurance Group by 10.9% during the first quarter. Empowered Funds LLC now owns 456,436 shares of the company’s stock worth $13,615,000 after buying an additional 44,690 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Hamilton Insurance Group by 30.9% during the first quarter. Quantinno Capital Management LP now owns 17,928 shares of the company’s stock worth $535,000 after buying an additional 4,232 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Hamilton Insurance Group by 9.5% during the first quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock worth $31,309,000 after buying an additional 90,655 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

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.