Hamilton Insurance Group (NYSE:HG) Director David Brown Sells 12,700 Shares

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 12,700 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $31.82, for a total value of $404,114.00. Following the completion of the sale, the director directly owned 487,300 shares in the company, valued at approximately $15,505,886. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hamilton Insurance Group Stock Down 0.7%

Shares of HG opened at $31.93 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 12 month low of $20.39 and a 12 month high of $33.72. The stock’s 50 day moving average is $30.54 and its two-hundred day moving average is $28.76. The firm has a market cap of $3.17 billion, a P/E ratio of 5.23 and a beta of 0.58.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The company had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. Analysts predict that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently added to or reduced their stakes in HG. Wellington Management Group LLP lifted its position in Hamilton Insurance Group by 16.2% during the third quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after buying an additional 737,084 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in Hamilton Insurance Group by 71.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock worth $43,325,000 after buying an additional 646,106 shares in the last quarter. Freestone Grove Partners LP purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $16,667,000. Millennium Management LLC lifted its position in Hamilton Insurance Group by 89.8% during the fourth quarter. Millennium Management LLC now owns 881,667 shares of the company’s stock worth $24,599,000 after buying an additional 417,261 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Hamilton Insurance Group by 101.9% during the third quarter. Dimensional Fund Advisors LP now owns 705,277 shares of the company’s stock worth $17,490,000 after buying an additional 355,947 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Citizens Jmp lifted their price target on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods lifted their price target on Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $33.43.

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.