Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Sells $335,650.00 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Brian John Deegan sold 17,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the sale, the chief accounting officer now directly owns 20,824 shares of the company’s stock, valued at approximately $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hamilton Insurance Group Stock Up 0.7 %

HG stock opened at $19.14 on Friday. Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $20.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.94 billion and a price-to-earnings ratio of 4.28. The company has a 50 day moving average of $18.42 and a two-hundred day moving average of $17.69.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HG. Wellington Management Group LLP increased its stake in shares of Hamilton Insurance Group by 198.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock worth $71,859,000 after purchasing an additional 2,469,422 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after purchasing an additional 313,417 shares during the last quarter. State Street Corp increased its stake in shares of Hamilton Insurance Group by 133.3% during the 3rd quarter. State Street Corp now owns 532,632 shares of the company’s stock worth $10,301,000 after purchasing an additional 304,371 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Hamilton Insurance Group by 80.3% during the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock worth $8,265,000 after purchasing an additional 221,372 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Hamilton Insurance Group during the 3rd quarter worth $9,419,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on HG. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Morgan Stanley downgraded shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a research report on Monday, August 19th. JMP Securities upped their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research report on Thursday, August 8th. Barclays started coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

About Hamilton Insurance Group

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.