Hamilton Insurance Group (NYSE:HG) CAO Sells $337,590.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Brian John Deegan sold 11,000 shares of Hamilton Insurance Group stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total transaction of $337,590.00. Following the completion of the transaction, the chief accounting officer directly owned 71,347 shares of the company’s stock, valued at $2,189,639.43. This trade represents a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $30.86 on Friday. The company has a market cap of $3.06 billion, a PE ratio of 5.05 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a fifty-two week low of $20.17 and a fifty-two week high of $33.72. The firm has a 50-day simple moving average of $30.50 and a 200 day simple moving average of $28.37. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.

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, topping analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The firm had revenue of $758.91 million for the quarter, compared to analysts’ expectations of $933.90 million. On average, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.46 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 6th were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 6th.

Analyst Ratings Changes

Several equities research analysts have weighed in on HG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a research report on Thursday, January 22nd. Citizens Jmp boosted their price target on shares of Hamilton Insurance Group from $36.00 to $38.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Barclays boosted their target price on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in shares of Hamilton Insurance Group by 186.0% during the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock valued at $1,190,000 after purchasing an additional 37,329 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hamilton Insurance Group by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after purchasing an additional 2,071 shares during the period. Millennium Management LLC grew its position in Hamilton Insurance Group by 9.7% in the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after buying an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Hamilton Insurance Group by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after buying an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 valued at $1,777,000 after buying an additional 39,927 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.