Hamilton Insurance Group (NYSE:HG) Stock Price Down 4.4% - Should You Sell?

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) were down 4.4% on Wednesday . The company traded as low as $21.04 and last traded at $20.77. Approximately 25,795 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 533,654 shares. The stock had previously closed at $21.72.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HG. Morgan Stanley boosted their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. BMO Capital Markets reissued a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Wells Fargo & Company dropped their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.67.

Hamilton Insurance Group Stock Down 2.7%

The company has a market capitalization of $2.14 billion, a P/E ratio of 6.97 and a beta of 0.82. The company has a 50-day moving average of $20.57 and a two-hundred day moving average of $19.72. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06.

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, beating the consensus estimate of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 12.41% and a net margin of 13.28%. The business had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Activity

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction that occurred on 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 owned 190,440 shares of the company's stock, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Therese M. Vaughan bought 4,750 shares of the stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $21.05 per share, with a total value of $99,987.50. Following the completion of the acquisition, the director directly owned 20,892 shares of the company's stock, valued at approximately $439,776.60. The trade was a 29.43% increase in their position. The disclosure for this purchase can be found here. 17.46% of the stock is owned by company insiders.

Institutional Trading of Hamilton Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its stake in Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after purchasing an additional 1,133 shares in the last quarter. Amalgamated Bank raised its holdings in Hamilton Insurance Group by 92.2% in the first quarter. Amalgamated Bank now owns 1,428 shares of the company's stock worth $30,000 after buying an additional 685 shares during the last quarter. CWM LLC lifted its stake in shares of Hamilton Insurance Group by 172.6% in the first quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after buying an additional 1,075 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Hamilton Insurance Group during the first quarter valued at approximately $62,000. Finally, Strs Ohio purchased a new stake in shares of Hamilton Insurance Group during the first quarter valued at approximately $112,000. Hedge funds and other institutional investors 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.