David Brown Sells 12,700 Shares of Hamilton Insurance Group (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 12,700 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $31.82, for a total transaction of $404,114.00. Following the completion of the transaction, the director directly owned 487,300 shares of the company’s stock, valued at $15,505,886. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $32.34 on Thursday. 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’s fifty day moving average price is $30.62 and its two-hundred day moving average price is $28.82. 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 P/E ratio of 5.29 and a beta of 0.58.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (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 23.19%. The firm had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. As a group, research analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock valued at $131,378,000 after acquiring an additional 737,084 shares during the period. Nuveen LLC raised its stake in Hamilton Insurance Group by 3.5% in the 4th quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after acquiring an additional 74,194 shares during the period. Donald Smith & CO. Inc. raised its stake in Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after acquiring an additional 646,106 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Hamilton Insurance Group by 10.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after acquiring an additional 140,474 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Hamilton Insurance Group by 32.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock valued at $40,312,000 after acquiring an additional 332,405 shares during the period. Institutional investors own 29.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research raised shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Citizens Jmp upped their price target on shares of Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a research report on Thursday, January 22nd. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Finally, Keefe, Bruyette & Woods increased their price target 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. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.43.

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.