Hamilton Insurance Group, Ltd. (NYSE:HG) Insider Venkatanarayana Krishnamoorthy Sells 18,988 Shares

Hamilton Insurance Group, Ltd. (NYSE:HG) insider Venkatanarayana Krishnamoorthy sold 18,988 shares of Hamilton Insurance Group stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.00, for a total value of $455,712.00. Following the sale, the insider directly owned 64,512 shares of the company’s stock, valued at approximately $1,548,288. This trade represents a 22.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hamilton Insurance Group Stock Down 1.4%

Shares of NYSE:HG opened at $23.03 on Tuesday. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $24.54. The company has a market cap of $2.31 billion, a PE ratio of 6.36 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50-day moving average is $21.53 and its 200 day moving average is $20.37.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.54. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. The company had revenue of $712.03 million for the quarter, compared to the consensus estimate of $519.50 million. Sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HG. Geode Capital Management LLC increased its holdings in Hamilton Insurance Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 478,057 shares of the company’s stock valued at $9,097,000 after purchasing an additional 2,504 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Hamilton Insurance Group by 28.8% during the 4th quarter. Wells Fargo & Company MN now owns 23,408 shares of the company’s stock worth $445,000 after acquiring an additional 5,234 shares during the period. Invesco Ltd. purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $465,000. Legal & General Group Plc grew its holdings in shares of Hamilton Insurance Group by 19.0% during the 4th quarter. Legal & General Group Plc now owns 27,187 shares of the company’s stock worth $517,000 after acquiring an additional 4,336 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after acquiring an additional 1,133 shares during the period. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays lifted their price target on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Wall Street Zen downgraded Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Sunday. JMP Securities lifted their price objective on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Zacks Research upgraded Hamilton Insurance Group to a “hold” rating in a report on Tuesday, August 12th. Finally, Morgan Stanley reiterated a “cautious” rating on shares of Hamilton Insurance Group in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.43.

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.