Insider Selling: Hamilton Insurance Group (NYSE:HG) Treasurer Sells 3,030 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Treasurer Jonathan Levenson sold 3,030 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $30.67, for a total value of $92,930.10. Following the transaction, the treasurer directly owned 45,704 shares in the company, valued at $1,401,741.68. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Hamilton Insurance Group Price Performance

Shares of HG traded down $0.18 during mid-day trading on Tuesday, hitting $30.72. The company’s stock had a trading volume of 467,552 shares, compared to its average volume of 527,617. The firm has a 50-day moving average price of $30.47 and a 200 day moving average price of $28.46. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 5.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. Hamilton Insurance Group, Ltd. has a fifty-two week low of $20.17 and a fifty-two week 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, beating analysts’ consensus estimates 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 company had revenue of $758.91 million during the quarter, compared to analyst estimates of $933.90 million. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 3.46 EPS for the current fiscal year.

Hamilton Insurance Group Dividend Announcement

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

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in HG. Wellington Management Group LLP raised its holdings in Hamilton Insurance Group by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after purchasing an additional 737,084 shares during the last quarter. Nuveen LLC raised its stake in shares of Hamilton Insurance Group by 3.5% during the fourth quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock worth $61,959,000 after buying an additional 74,194 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Hamilton Insurance Group by 71.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock worth $43,325,000 after buying an additional 646,106 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Hamilton Insurance Group by 1.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock valued at $34,063,000 after acquiring an additional 15,615 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Hamilton Insurance Group by 32.6% in the first 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 last quarter. 29.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on HG shares. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Citizens Jmp raised 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.