Hamilton Insurance Group (NYSE:HG) Treasurer Jonathan Levenson Sells 6,075 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Treasurer Jonathan Levenson sold 6,075 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total value of $185,955.75. Following the completion of the sale, the treasurer directly owned 39,629 shares of the company’s stock, valued at $1,213,043.69. This trade represents a 13.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hamilton Insurance Group Trading Up 3.3%

Shares of Hamilton Insurance Group stock opened at $31.85 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. Hamilton Insurance Group, Ltd. has a 52 week low of $20.39 and a 52 week high of $33.72. The stock has a 50 day moving average price of $30.44 and a two-hundred day moving average price of $28.61. The stock has a market capitalization of $3.16 billion, a PE ratio of 5.21 and a beta of 0.58.

Hamilton Insurance Group (NYSE:HG) last announced 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. The firm had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. As a group, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current fiscal year.

Hamilton Insurance Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 6th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 6th.

Wall Street Analysts Forecast Growth

HG has been the topic of several analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group 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. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Citizens Jmp lifted their target price on Hamilton Insurance Group from $36.00 to $38.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $33.43.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC raised its stake in shares of Hamilton Insurance Group by 9.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock worth $31,309,000 after purchasing an additional 90,655 shares during the period. Entropy Technologies LP bought a new stake in shares of Hamilton Insurance Group during the 1st quarter worth $364,000. Public Employees Retirement System of Ohio bought a new stake in shares of Hamilton Insurance Group during the 1st quarter worth $1,559,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Hamilton Insurance Group by 10.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock worth $44,659,000 after purchasing an additional 140,474 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Hamilton Insurance Group by 72.9% during the 1st quarter. Sei Investments Co. now owns 380,717 shares of the company’s stock worth $11,357,000 after purchasing an additional 160,575 shares during the period. 29.17% of the stock is currently owned by 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.