Hamilton Insurance Group (NYSE:HG) Director Sells $1,199,568.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 37,300 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the sale, the director owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hamilton Insurance Group Trading Up 1.0%

NYSE:HG traded up $0.32 during trading hours on Wednesday, hitting $32.34. The company had a trading volume of 500,417 shares, compared to its average volume of 528,522. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $30.54 and a 200 day moving average of $28.76. The company has a market cap of $3.21 billion, a P/E ratio of 5.29 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a 1 year low of $20.39 and a 1 year high of $33.72.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.56. The company 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%. Sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current year.

Hedge Funds Weigh In On Hamilton Insurance Group

Several hedge funds have recently bought and sold shares of HG. AQR Capital Management LLC lifted its stake in Hamilton Insurance Group by 186.0% during the 1st quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after acquiring an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hamilton Insurance Group by 9.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after acquiring an additional 2,071 shares in the last quarter. Millennium Management LLC lifted its stake in Hamilton Insurance Group by 9.7% during the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock worth $9,180,000 after acquiring an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Hamilton Insurance Group by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock worth $5,797,000 after acquiring an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hamilton Insurance Group by 87.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock worth $1,777,000 after acquiring an additional 39,927 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analyst Ratings Changes

HG has been the subject of a number of research analyst reports. Zacks Research upgraded Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wells Fargo & Company increased their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a report on Friday, May 1st. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.43.

Hamilton Insurance Group Company Profile

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.