Insider Selling: Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Sells 3,785 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws sold 3,785 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the completion of the transaction, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Adrian Joseph Daws also recently made the following trade(s):

• On Tuesday, March 11th, Adrian Joseph Daws sold 139 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $21.00, for a total transaction of $2,919.00.
• On Friday, March 7th, Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44.

Hamilton Insurance Group Stock Down 1.9 %

Hamilton Insurance Group stock traded down $0.39 on Friday, hitting $20.78. 895,291 shares of the stock traded hands, compared to its average volume of 453,360. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a market cap of $2.11 billion, a P/E ratio of 4.65 and a beta of 0.92. The business’s fifty day simple moving average is $19.34 and its 200 day simple moving average is $18.87. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $21.63.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $543.94 million for the quarter, compared to analysts’ expectations of $460.17 million. As a group, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Hedge Funds Weigh In On Hamilton Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of HG. Landscape Capital Management L.L.C. bought a new position in shares of Hamilton Insurance Group during the third quarter valued at $197,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Hamilton Insurance Group by 176.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after acquiring an additional 70,732 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Hamilton Insurance Group during the third quarter valued at $270,000. Prospector Partners LLC bought a new position in shares of Hamilton Insurance Group during the third quarter valued at $441,000. Finally, Quantbot Technologies LP increased its holdings in shares of Hamilton Insurance Group by 154.5% during the third quarter. Quantbot Technologies LP now owns 101,901 shares of the company’s stock valued at $1,971,000 after acquiring an additional 61,859 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HG. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods increased their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company raised their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.