Hamilton Insurance Group (NYSE:HG) Insider Sells 28,500 Shares

Hamilton Insurance Group, Ltd. (NYSE:HG) insider Timothy James Duffin sold 28,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the transaction, the insider owned 223,459 shares of the company’s stock, valued at approximately $7,716,039.27. This represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hamilton Insurance Group Price Performance

NYSE HG traded up $0.04 on Monday, hitting $34.89. 412,552 shares of the company’s stock were exchanged, compared to its average volume of 487,716. The stock has a 50-day moving average of $35.14 and a 200-day moving average of $32.43. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 6.08 and a beta of 0.31. Hamilton Insurance Group, Ltd. has a 52 week low of $22.66 and a 52 week high of $37.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%.The company had revenue of $839.58 million for the quarter. Analysts expect that Hamilton Insurance Group, Ltd. will post 4.89 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on HG. Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen cut shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Finally, Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.12.

Institutional Trading of Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Hamilton Insurance Group by 45.8% in the 2nd quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock worth $48,000 after purchasing an additional 442 shares during the period. Arizona State Retirement System increased its position in shares of Hamilton Insurance Group by 3.9% during the second quarter. Arizona State Retirement System now owns 12,887 shares of the company’s stock worth $437,000 after buying an additional 478 shares during the period. Parallel Advisors LLC increased its position in shares of Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock worth $131,000 after buying an additional 735 shares during the period. Corient Private Wealth LLC raised its stake in Hamilton Insurance Group by 8.5% during the fourth quarter. Corient Private Wealth LLC now owns 12,095 shares of the company’s stock worth $337,000 after buying an additional 950 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in Hamilton Insurance Group during the second quarter worth $34,000. 29.17% of the stock is owned by institutional investors and hedge funds.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company’s offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.