Hamilton Insurance Group (NYSE:HG) Director David Brown Sells 37,300 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the completion of the transaction, the director owned 450,000 shares of the company’s stock, valued at $14,472,000. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hamilton Insurance Group Stock Up 1.0%

Hamilton Insurance Group stock opened at $32.34 on Thursday. Hamilton Insurance Group, Ltd. has a 1-year low of $20.39 and a 1-year high of $33.72. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 5.29 and a beta of 0.58. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $30.62 and a 200 day simple moving average of $28.82.

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

Institutional Trading of Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in the stock. Cim LLC lifted its holdings in shares of Hamilton Insurance Group by 78.9% during the 1st quarter. Cim LLC now owns 21,262 shares of the company’s stock worth $634,000 after acquiring an additional 9,374 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Hamilton Insurance Group by 38.0% during the 1st quarter. California State Teachers Retirement System now owns 59,732 shares of the company’s stock worth $1,782,000 after acquiring an additional 16,437 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Hamilton Insurance Group by 10.9% during the 1st quarter. Empowered Funds LLC now owns 456,436 shares of the company’s stock worth $13,615,000 after acquiring an additional 44,690 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Hamilton Insurance Group by 30.9% during the 1st quarter. Quantinno Capital Management LP now owns 17,928 shares of the company’s stock worth $535,000 after acquiring an additional 4,232 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Hamilton Insurance Group by 9.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock worth $31,309,000 after acquiring an additional 90,655 shares during the last quarter. 29.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HG. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Barclays raised their price target on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price target on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Hamilton Insurance Group 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.