Hamilton Insurance Group (NYSE:HG) Director David Brown Sells 50,000 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the completion of the sale, the director directly owned 400,000 shares of the company’s stock, valued at $14,448,000. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $34.84 on Wednesday. Hamilton Insurance Group, Ltd. has a 52 week low of $22.66 and a 52 week high of $37.31. The company’s 50 day moving average price is $35.12 and its two-hundred day moving average price is $32.34. The stock has a market cap of $3.44 billion, a P/E ratio of 6.07 and a beta of 0.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The company had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%. On average, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HG. AQR Capital Management LLC increased its holdings in Hamilton Insurance Group by 186.0% in the 1st quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after acquiring an additional 37,329 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hamilton Insurance Group by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after purchasing an additional 2,071 shares during the period. Millennium Management LLC boosted its position in Hamilton Insurance Group by 9.7% during the first quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock worth $9,180,000 after purchasing an additional 39,020 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Hamilton Insurance Group by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock worth $5,797,000 after purchasing an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hamilton Insurance Group by 87.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock worth $1,777,000 after purchasing an additional 39,927 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Analyst Ratings Changes

HG has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Citigroup reiterated a “neutral” rating on shares of Hamilton Insurance Group in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. Finally, Zacks Research lowered shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.12.

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.