Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Sells $132,000.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the sale, the chief executive officer now owns 190,440 shares in the company, valued at $4,189,680. The trade was a 3.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, March 19th, Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $21.00, for a total value of $79,485.00.
• 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 value 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 value of $229,162.44.

Hamilton Insurance Group Stock Up 1.9%

NYSE:HG opened at $21.48 on Friday. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 4.80 and a beta of 0.91. Hamilton Insurance Group, Ltd. has a twelve month low of $15.19 and a twelve month high of $22.33. The stock’s 50 day moving average price is $19.70 and its two-hundred day moving average price is $19.46. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.43. The firm had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on HG. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research note on Friday, February 28th. Morgan Stanley boosted their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. BMO Capital Markets restated a “market perform” rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HG. Sterling Capital Management LLC increased its holdings in shares of Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after acquiring an additional 1,133 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock worth $30,000 after acquiring an additional 685 shares during the last quarter. CWM LLC increased its holdings in shares of Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company’s stock worth $35,000 after acquiring an additional 1,075 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $38,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth approximately $62,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Company Profile

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.