Hamilton Insurance Group (NYSE:HG) CAO Brian John Deegan Sells 11,000 Shares

Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Brian John Deegan sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total value of $337,590.00. Following the transaction, the chief accounting officer directly owned 71,347 shares in the company, valued at approximately $2,189,639.43. This represents a 13.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $30.70 on Friday. The company has a market cap of $3.04 billion, a P/E ratio of 5.02 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day moving average price is $30.50 and its 200-day moving average price is $28.37. Hamilton Insurance Group, Ltd. has a fifty-two week low of $18.76 and a fifty-two week high of $33.72.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.56. The firm had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. Hamilton Insurance Group had a return on equity of 23.18% and a net margin of 21.73%. Sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 3.46 earnings per share for the current year.

Hamilton Insurance Group Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 6th were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 6th.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of Hamilton Insurance Group by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after buying an additional 737,084 shares in the last quarter. Nuveen LLC grew its position in shares of Hamilton Insurance Group by 3.5% during the 4th quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock worth $61,959,000 after buying an additional 74,194 shares in the last quarter. Donald Smith & CO. Inc. grew its position in shares of Hamilton Insurance Group by 71.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock worth $43,325,000 after buying an additional 646,106 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Hamilton Insurance Group by 1.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock worth $34,063,000 after buying an additional 15,615 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Hamilton Insurance Group by 32.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock worth $40,312,000 after buying an additional 332,405 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HG. Citizens Jmp upped their price objective on Hamilton Insurance Group from $36.00 to $38.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st. Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen raised Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Barclays upped their price objective on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.43.

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.