Hamilton Insurance Group (NYSE:HG) Insider Sells $984,105.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) insider Timothy Duffin sold 28,500 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total value of $984,105.00. Following the completion of the transaction, the insider owned 223,459 shares of the company’s stock, valued at $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hamilton Insurance Group Price Performance

HG stock opened at $35.15 on Thursday. The stock’s fifty day simple moving average is $35.18 and its 200-day simple moving average is $32.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group, Ltd. has a 52-week low of $22.66 and a 52-week high of $37.31. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.12 and a beta of 0.31.

Hamilton Insurance Group (NYSE:HGGet Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%.The company had revenue of $839.58 million during the quarter. Equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of large investors have recently added to or reduced their stakes in HG. NewEdge Advisors LLC acquired a new position in Hamilton Insurance Group in the 2nd quarter worth $34,000. Allworth Financial LP grew its stake in shares of Hamilton Insurance Group by 45.8% during the second quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock valued at $48,000 after acquiring an additional 442 shares in the last quarter. KBC Group NV acquired a new stake in shares of Hamilton Insurance Group during the first quarter valued at about $65,000. Parallel Advisors LLC increased its position in shares of Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock worth $131,000 after acquiring an additional 735 shares during the last quarter. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Hamilton Insurance Group during the second quarter worth about $244,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HG has been the topic of several research reports. Citizens Jmp raised their price target on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Zacks Research lowered shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Barclays raised their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Hamilton Insurance Group in a report on Wednesday, September 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.12.

View Our Latest Analysis on Hamilton Insurance Group

Hamilton Insurance Group Company Profile

(Get Free Report)

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company’s offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.

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

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