Brian John Deegan Sells 22,000 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) Stock

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

Hamilton Insurance Group Trading Up 1.2 %

NYSE HG opened at $16.84 on Thursday. The firm has a market cap of $1.86 billion and a P/E ratio of 5.12. The company has a fifty day simple moving average of $14.14. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $17.16.

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. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. The company had revenue of $495.16 million during the quarter, compared to the consensus estimate of $412.55 million. Sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

HG has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.00 target price (up previously from $20.00) on shares of Hamilton Insurance Group in a research report on Thursday, May 16th. Wells Fargo & Company raised their price objective on shares of Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. JMP Securities boosted their target price on shares of Hamilton Insurance Group from $22.00 to $23.00 and gave the company a “market outperform” rating in a research report on Thursday, May 9th. Finally, Morgan Stanley reduced their price target on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $20.00.

Institutional Trading of Hamilton Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System bought a new stake in Hamilton Insurance Group during the first quarter worth $233,000. Quadrature Capital Ltd purchased a new stake in shares of Hamilton Insurance Group in the first quarter valued at about $528,000. American International Group Inc. bought a new position in shares of Hamilton Insurance Group during the first quarter valued at about $115,000. Acadian Asset Management LLC purchased a new position in Hamilton Insurance Group during the first quarter worth about $3,831,000. Finally, Vanguard Group Inc. bought a new stake in Hamilton Insurance Group in the 1st quarter worth about $2,545,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

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.