Hamilton Insurance Group, Ltd. (NYSE:HG – Get Free Report) Treasurer Jonathan Levenson sold 3,030 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $30.67, for a total value of $92,930.10. Following the completion of the transaction, the treasurer directly owned 45,704 shares in the company, valued at approximately $1,401,741.68. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Hamilton Insurance Group Price Performance
Shares of Hamilton Insurance Group stock opened at $30.83 on Friday. 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 stock’s fifty day moving average is $30.43 and its 200 day moving average is $28.59. The stock has a market cap of $3.05 billion, a P/E ratio of 5.05 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a one year low of $20.39 and a one year high of $33.72.
Hamilton Insurance Group (NYSE:HG – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. The business had revenue of $758.91 million for the quarter, compared to analysts’ expectations of $933.90 million. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. Sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current year.
Hamilton Insurance Group Dividend Announcement
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its position in shares of 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 valued at $131,378,000 after buying an additional 737,084 shares during the period. Nuveen LLC boosted its position in shares of Hamilton Insurance Group by 3.5% during the fourth quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after buying an additional 74,194 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of 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 valued at $43,325,000 after buying an additional 646,106 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Hamilton Insurance Group by 10.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after buying an additional 140,474 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hamilton Insurance Group by 32.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock valued at $40,312,000 after buying an additional 332,405 shares during the period. Hedge funds and other institutional investors own 29.17% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on HG shares. Barclays raised their price objective on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. 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 report on Wednesday, May 6th. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st. Zacks Research upgraded Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. 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 report on Monday, February 23rd. One research 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. Based on data from MarketBeat, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $33.43.
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.
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