Insider Selling: Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Sells $367,400.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Brian John Deegan sold 22,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total transaction of $367,400.00. Following the transaction, the chief accounting officer now directly owns 18,957 shares of the company’s stock, valued at $316,581.90. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock opened at $16.84 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.07. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $17.16. The business’s 50-day moving average price is $14.14. The company has a market capitalization of $1.86 billion and a price-to-earnings ratio of 5.12.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.57 by $0.58. The firm had revenue of $495.16 million during the quarter, compared to analysts’ expectations of $412.55 million. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. As a group, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 3.43 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on HG. Morgan Stanley lowered their price objective on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, April 15th. JMP Securities lifted their price objective on shares of Hamilton Insurance Group from $22.00 to $23.00 and gave the stock a “market outperform” rating in a report on Thursday, May 9th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.00 target price (up from $20.00) on shares of Hamilton Insurance Group in a report on Thursday, May 16th. Finally, Wells Fargo & Company lifted their price target on shares of Hamilton Insurance Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $20.00.

Institutional Trading of Hamilton Insurance Group

Several hedge funds have recently added to or reduced their stakes in HG. Wellington Management Group LLP acquired a new position in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $19,249,000. Penn Capital Management Company LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter valued at $9,352,000. Acadian Asset Management LLC bought a new stake in shares of Hamilton Insurance Group in the 1st quarter worth $3,831,000. Ghisallo Capital Management LLC acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at $3,738,000. Finally, Vanguard Group Inc. bought a new position in Hamilton Insurance Group during the first quarter valued at about $2,545,000. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Company Profile

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.