Hamilton Insurance Group (NYSE:HG) Director Sells $1,806,000.00 in Stock

Key Points

• Director David Brown sold 50,000 Hamilton Insurance Group shares at an average price of $36.12, generating $1.806 million; his remaining stake fell 11.11% to 400,000 shares.
• Hamilton reported quarterly EPS of $1.56 on $839.58 million in revenue, with a 19.56% net margin and 22.60% return on equity. Analysts expect full-year EPS of $4.89.
• The stock traded at $34.84, while analysts maintained a “Moderate Buy” consensus and a $36.12 average price target; institutional investors own 29.17% of the company.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) Director David Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total value of $1,806,000.00. Following the transaction, the director owned 400,000 shares of the company's stock, valued at $14,448,000. This represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hamilton Insurance Group Stock Performance

HG traded down $0.76 during trading hours on Tuesday, reaching $34.84. The company's stock had a trading volume of 262,553 shares, compared to its average volume of 489,650. Hamilton Insurance Group, Ltd. has a 52 week low of $22.66 and a 52 week high of $37.31. The company's 50-day moving average is $35.10 and its 200-day moving average is $32.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $3.44 billion, a PE ratio of 6.07 and a beta of 0.31.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The firm had revenue of $839.58 million during the quarter. On average, equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HG. Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings raised Hamilton Insurance Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, June 12th. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Finally, UBS Group set a $33.00 price target on Hamilton Insurance Group in a report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $36.12.

Institutional Trading of Hamilton Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in Hamilton Insurance Group in the 4th quarter valued at about $25,000. Allworth Financial LP increased its holdings in shares of Hamilton Insurance Group by 45.8% during the second quarter. Allworth Financial LP now owns 1,407 shares of the company's stock worth $48,000 after purchasing an additional 442 shares during the period. KBC Group NV acquired a new stake in shares of Hamilton Insurance Group in the first quarter valued at approximately $65,000. Royal Bank of Canada raised its position in shares of Hamilton Insurance Group by 15.8% in the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company's stock valued at $84,000 after buying an additional 410 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Hamilton Insurance Group in the first quarter valued at approximately $112,000. Institutional investors and hedge funds own 29.17% of the company's stock.

About Hamilton Insurance Group

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.

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