Jonathan Levenson Sells 6,075 Shares of Hamilton Insurance Group (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Treasurer Jonathan Levenson sold 6,075 shares of Hamilton Insurance Group stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total value of $185,955.75. Following the sale, the treasurer directly owned 39,629 shares of the company’s stock, valued at $1,213,043.69. This represents a 13.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hamilton Insurance Group Stock Up 3.3%

HG opened at $31.85 on Friday. Hamilton Insurance Group, Ltd. has a fifty-two week low of $20.39 and a fifty-two week high of $33.72. 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 company has a market capitalization of $3.16 billion, a P/E ratio of 5.21 and a beta of 0.58. The stock has a fifty day moving average of $30.44 and a 200-day moving average of $28.61.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The company had revenue of $758.91 million for the quarter, compared to analysts’ expectations of $933.90 million. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.

Hamilton Insurance Group Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 6th were given a $2.00 dividend. The ex-dividend date was Friday, March 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Hamilton Insurance Group in the fourth quarter valued at about $25,000. Chesapeake Asset Management LLC grew its position in Hamilton Insurance Group by 487.8% in the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after acquiring an additional 1,000 shares during the last quarter. Versant Capital Management Inc grew its position in Hamilton Insurance Group by 1,404.4% in the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after acquiring an additional 1,587 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Hamilton Insurance Group by 112.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after acquiring an additional 937 shares during the last quarter. Finally, KBC Group NV bought a new position in Hamilton Insurance Group in the first quarter valued at about $65,000. Institutional investors own 29.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays raised their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st. Zacks Research upgraded Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Keefe, Bruyette & Woods raised their price target on Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.43.

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.