Insider Selling: Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Sells 17,500 Shares of 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 stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the sale, the chief accounting officer now directly owns 20,824 shares of the company’s stock, valued at $399,404.32. This represents a 45.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hamilton Insurance Group Trading Down 1.2 %

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

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $512.84 million for the quarter, compared to analysts’ expectations 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 last year, the company earned $0.41 earnings per share. Research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in HG. Quarry LP increased its stake in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Hamilton Insurance Group in the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Hamilton Insurance Group in the second quarter worth $34,000. Toronto Dominion Bank bought a new stake in shares of Hamilton Insurance Group in the third quarter worth $97,000. Finally, US Bancorp DE bought a new stake in shares of Hamilton Insurance Group in the third quarter worth $107,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

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.