Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Sells $335,650.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Brian John Deegan sold 17,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,824 shares in the company, valued at $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hamilton Insurance Group Stock Down 1.2 %

Shares of HG traded down $0.23 during mid-day trading on Wednesday, reaching $19.01. The company had a trading volume of 267,400 shares, compared to its average volume of 430,737. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a 50-day moving average price of $18.39 and a 200 day moving average price of $17.65. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The company has a market capitalization of $1.93 billion and a price-to-earnings ratio of 4.30.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same period in the previous year, the business earned $0.41 EPS. On average, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP raised its position in Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares during the period. Financial Management Professionals Inc. acquired a new stake in Hamilton Insurance Group in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Hamilton Insurance Group in the second quarter valued at approximately $34,000. Toronto Dominion Bank acquired a new stake in shares of Hamilton Insurance Group during the third quarter worth $97,000. Finally, US Bancorp DE acquired a new stake in shares of Hamilton Insurance Group during the third quarter worth $107,000. Institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HG shares. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price for the company. in a research report on Monday, August 19th. Barclays began coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price for the company. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JMP Securities upped their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Finally, Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.