Insider Selling: Hamilton Insurance Group (NYSE:HG) Director Sells 12,700 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 12,700 shares of the business’s 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 transaction, the director directly owned 487,300 shares of the company’s stock, valued at $15,505,886. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hamilton Insurance Group Stock Performance

Shares of HG traded down $0.22 during mid-day trading on Tuesday, hitting $31.93. 344,597 shares of the company traded hands, compared to its average volume of 528,818. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50-day moving average price of $30.47 and a two-hundred day moving average price of $28.70. Hamilton Insurance Group, Ltd. has a 1 year low of $20.39 and a 1 year high of $33.72. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 5.23 and a beta of 0.58.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. The business had revenue of $758.91 million during the quarter, compared to analyst estimates of $933.90 million. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. Equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 6th were paid a dividend of $2.00 per share. The ex-dividend date was Friday, March 6th.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HG shares. Citizens Jmp boosted their target price on shares of Hamilton Insurance Group from $36.00 to $38.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Barclays boosted their target price on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $33.43.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in shares of Hamilton Insurance Group by 30.5% during the 3rd quarter. Federated Hermes Inc. now owns 587,951 shares of the company’s stock valued at $14,581,000 after purchasing an additional 137,501 shares during the period. Great Lakes Advisors LLC bought a new position in Hamilton Insurance Group in the 3rd quarter worth $2,222,000. Seizert Capital Partners LLC purchased a new stake in Hamilton Insurance Group in the 3rd quarter worth $2,106,000. Erste Asset Management GmbH purchased a new stake in Hamilton Insurance Group in the 3rd quarter worth $1,146,000. Finally, SG Americas Securities LLC bought a new stake in Hamilton Insurance Group during the fourth quarter valued at about $9,351,000. 29.17% of the stock is currently owned by institutional investors.

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.