Insider Selling: Hamilton Insurance Group (NYSE:HG) Director Sells $1,199,568.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) Director David Brown sold 37,300 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.16, for a total value of $1,199,568.00. Following the transaction, the director directly owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG opened at $31.55 on Friday. The stock has a fifty day moving average price of $30.74 and a two-hundred day moving average price of $28.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $3.13 billion, a P/E ratio of 5.16 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a 1 year low of $20.39 and a 1 year high of $33.72.

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

Institutional Trading of Hamilton Insurance Group

A number of hedge funds have recently modified their holdings of HG. AQR Capital Management LLC lifted its holdings in shares of Hamilton Insurance Group by 186.0% in the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock valued at $1,190,000 after purchasing an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hamilton Insurance Group by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock valued at $510,000 after purchasing an additional 2,071 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Hamilton Insurance Group by 9.7% in the first quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after purchasing an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Hamilton Insurance Group by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after purchasing an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Hamilton Insurance Group by 87.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock worth $1,777,000 after acquiring an additional 39,927 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 equities analysts have issued reports on HG shares. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. UBS Group set a $33.00 price target on Hamilton Insurance Group in a research note on Thursday. Finally, Barclays raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Read Our Latest Stock Analysis on HG

About Hamilton Insurance Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Hamilton Insurance Group (NYSE:HG)

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