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 Hamilton Insurance Group stock in a transaction dated 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 owns 20,824 shares in the company, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG opened at $19.01 on Thursday. The business has a fifty day moving average of $18.40 and a 200-day moving average of $17.66. The firm has a market cap of $1.93 billion and a PE ratio of 4.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $20.71.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share 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 period in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HG has been the topic of a number of recent research reports. Barclays initiated coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price objective on the stock. JMP Securities boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective for the company. in a research note on Monday, August 19th. Keefe, Bruyette & Woods boosted 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. Finally, Wells Fargo & Company upped their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.43.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HG. Quarry LP increased its stake in shares of Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after buying an additional 1,341 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Hamilton Insurance Group in the second quarter worth about $34,000. Financial Management Professionals Inc. acquired a new stake in Hamilton Insurance Group in the third quarter worth about $34,000. Toronto Dominion Bank bought a new stake in Hamilton Insurance Group during the 3rd quarter worth about $97,000. Finally, US Bancorp DE acquired a new position in Hamilton Insurance Group during the 3rd quarter valued at about $107,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.