Insider Selling: Hamilton Insurance Group (NYSE:HG) Director Sells $1,806,000.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the completion of the transaction, the director owned 400,000 shares of the company’s stock, valued at $14,448,000. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hamilton Insurance Group Price Performance

Shares of NYSE HG traded down $0.76 during trading hours on Tuesday, hitting $34.84. 262,553 shares of the stock were exchanged, compared to its average volume of 489,650. The company’s fifty day simple moving average is $35.10 and its two-hundred day simple moving average is $32.31. The company has a market cap of $3.44 billion, a PE ratio of 6.07 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Hamilton Insurance Group, Ltd. has a 1-year low of $22.66 and a 1-year high of $37.31.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The business had revenue of $839.58 million during the quarter. On average, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HG. Royal Bank of Canada boosted its holdings in shares of Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after acquiring an additional 410 shares in the last quarter. Allworth Financial LP increased its holdings in Hamilton Insurance Group by 45.8% in the 2nd quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock worth $48,000 after purchasing an additional 442 shares in the last quarter. Arizona State Retirement System increased its holdings in Hamilton Insurance Group by 3.9% in the 2nd quarter. Arizona State Retirement System now owns 12,887 shares of the company’s stock worth $437,000 after purchasing an additional 478 shares in the last quarter. Parallel Advisors LLC raised its position in Hamilton Insurance Group by 20.0% in the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after purchasing an additional 735 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Hamilton Insurance Group in the fourth quarter valued at about $25,000. 29.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HG has been the subject of a number of research analyst reports. Barclays boosted their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Wells Fargo & Company boosted their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. UBS Group set a $33.00 target price on shares of Hamilton Insurance Group in a report on Thursday, May 21st. Finally, Zacks Research cut shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hamilton Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $36.12.

About Hamilton Insurance Group

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.