Insider Selling: Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Sells 6,000 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) CEO Adrian Joseph Daws sold 6,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the transaction, the chief executive officer now directly owns 190,440 shares in the company, valued at approximately $4,189,680. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Adrian Joseph Daws also recently made the following trade(s):

• On Wednesday, March 19th, Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $21.00, for a total value of $79,485.00.
• On Tuesday, March 11th, Adrian Joseph Daws sold 139 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $21.00, for a total value of $2,919.00.
• On Friday, March 7th, Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $20.69, for a total value of $229,162.44.

Hamilton Insurance Group Stock Performance

HG traded up $0.41 during midday trading on Friday, reaching $21.48. The company's stock had a trading volume of 438,091 shares, compared to its average volume of 526,931. The stock has a market cap of $2.18 billion, a P/E ratio of 4.80 and a beta of 0.91. The company has a fifty day simple moving average of $19.70 and a 200 day simple moving average of $19.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a twelve month low of $15.19 and a twelve month high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. Research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on HG shares. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley raised their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a report on Thursday. Wells Fargo & Company lowered their target price on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.67.

Institutional Trading of Hamilton Insurance Group

A number of hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of Hamilton Insurance Group by 1.0% in the 1st quarter. Rhumbline Advisers now owns 57,764 shares of the company's stock worth $1,197,000 after acquiring an additional 557 shares during the period. Strs Ohio bought a new position in shares of Hamilton Insurance Group during the 1st quarter worth approximately $112,000. Flaharty Asset Management LLC bought a new position in shares of Hamilton Insurance Group during the 1st quarter worth approximately $62,000. Jane Street Group LLC bought a new position in shares of Hamilton Insurance Group during the 1st quarter worth approximately $899,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Hamilton Insurance Group by 87.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company's stock worth $1,777,000 after buying an additional 39,927 shares during the period. Institutional investors 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.