Hamilton Insurance Group (NYSE:HG) Director Sells $1,806,000.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the completion of the transaction, the director directly owned 400,000 shares in the company, valued at approximately $14,448,000. The trade was a 11.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hamilton Insurance Group Trading Up 1.4%

NYSE:HG opened at $34.84 on Friday. Hamilton Insurance Group, Ltd. has a 52 week low of $22.66 and a 52 week high of $37.31. The firm has a 50 day moving average of $35.13 and a 200 day moving average of $32.41. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 6.07 and a beta of 0.31.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The company had revenue of $839.58 million during the quarter. As a group, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HG has been the topic of several research analyst reports. Barclays boosted their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Citizens Jmp raised their price target on Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Finally, Wall Street Zen lowered Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $36.12.

Hedge Funds Weigh In On Hamilton Insurance Group

Several hedge funds have recently made changes to their positions in HG. Royal Bank of Canada grew its stake in shares of Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after purchasing an additional 410 shares during the period. Allworth Financial LP increased its holdings in shares of Hamilton Insurance Group by 45.8% during the 2nd quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock valued at $48,000 after purchasing an additional 442 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Hamilton Insurance Group by 3.9% in the 2nd quarter. Arizona State Retirement System now owns 12,887 shares of the company’s stock valued at $437,000 after purchasing an additional 478 shares during the period. Parallel Advisors LLC boosted its holdings in Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock worth $131,000 after buying an additional 735 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Hamilton Insurance Group during the fourth quarter worth $25,000. 29.17% of the stock is owned by institutional investors and hedge funds.

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.