Adrian Joseph Daws Sells 11,076 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44. Following the transaction, the chief executive officer now directly owns 203,847 shares in the company, valued at approximately $4,217,594.43. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hamilton Insurance Group Stock Up 0.2 %

Shares of NYSE:HG opened at $20.72 on Wednesday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 4.64 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a 1-year low of $12.44 and a 1-year high of $21.05. The company’s fifty day moving average is $19.10 and its two-hundred day moving average is $18.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The business had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cim LLC bought a new position in Hamilton Insurance Group in the 4th quarter valued at about $277,000. Mackenzie Financial Corp bought a new position in Hamilton Insurance Group in the 4th quarter valued at about $206,000. Public Employees Retirement System of Ohio grew its position in Hamilton Insurance Group by 40.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,250 shares of the company’s stock valued at $728,000 after buying an additional 11,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hamilton Insurance Group by 17.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,812 shares of the company’s stock valued at $872,000 after purchasing an additional 6,641 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Hamilton Insurance Group during the 4th quarter valued at about $212,000. Institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HG shares. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $23.80.

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.