Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws Sells 6,000 Shares

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) CEO Adrian Joseph Daws sold 6,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the chief executive officer now owns 190,440 shares in the company, valued at $4,189,680. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $21.00, for a total transaction of $79,485.00.
• On Tuesday, March 11th, Adrian Joseph Daws sold 139 shares of Hamilton Insurance Group stock. The stock was sold at an average price of $21.00, for a total transaction of $2,919.00.
• On Friday, March 7th, Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG traded up $0.07 during midday trading on Wednesday, hitting $22.09. The stock had a trading volume of 466,211 shares, compared to its average volume of 523,042. The company has a market capitalization of $2.24 billion, a PE ratio of 4.94 and a beta of 0.61. The stock has a 50 day moving average price of $19.68 and a two-hundred day moving average price of $19.41. 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 1 year low of $15.19 and a 1 year high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.43. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $843.31 million for the quarter, compared to the consensus estimate of $498.00 million. As a group, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on HG. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. Morgan Stanley increased their price target on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.80.

Institutional Trading of Hamilton Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Hamilton Insurance Group by 18.8% in the fourth quarter. Bank of America Corp DE now owns 212,586 shares of the company's stock valued at $4,046,000 after purchasing an additional 33,613 shares during the period. Dark Forest Capital Management LP purchased a new position in Hamilton Insurance Group during the 4th quarter valued at about $311,000. Victory Capital Management Inc. purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $2,362,000. Intech Investment Management LLC purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $431,000. Finally, Private Management Group Inc. purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $10,511,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Company Profile

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.

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