Hamilton Insurance Group, Ltd. (NYSE:HG – Get 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:HG – Get 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
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
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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