Insider Selling: Hamilton Insurance Group (NYSE:HG) CAO Sells 11,000 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Brian John Deegan sold 11,000 shares of Hamilton Insurance Group stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total transaction of $337,590.00. Following the sale, the chief accounting officer directly owned 71,347 shares in the company, valued at $2,189,639.43. The trade was a 13.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Hamilton Insurance Group Stock Up 1.8%

Hamilton Insurance Group stock traded up $0.53 on Thursday, hitting $30.70. 414,986 shares of the stock traded hands, compared to its average volume of 531,658. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $30.50 and its 200 day simple moving average is $28.37. The firm has a market cap of $3.04 billion, a P/E ratio of 5.02 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a 1 year low of $18.76 and a 1 year high of $33.72.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, topping 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 23.18%. The business had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. As a group, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 3.46 earnings per share for the current year.

Hamilton Insurance Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on HG shares. Wells Fargo & Company boosted their target price on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays lifted their target price on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Hamilton Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $33.43.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its position in shares of Hamilton Insurance Group by 186.0% during the 1st quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after buying an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $510,000 after acquiring an additional 2,071 shares in the last quarter. Millennium Management LLC raised 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 valued at $9,180,000 after acquiring an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Hamilton Insurance Group by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after acquiring an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 valued at $1,777,000 after buying an additional 39,927 shares in the last quarter. 29.17% of the stock is owned by hedge funds and other 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.