Hamilton Insurance Group (NYSE:HG) Insider Sells $1,145,390.00 in Stock

Key Points

• Keith Donald Bernhard, an insider at Hamilton Insurance Group, sold 47,000 shares at an average price of $24.37, resulting in a total sale value of $1,145,390, and a 46.58% reduction in his position.
• After the insider transaction, Hamilton Insurance Group's stock traded down 1.6%, closing at $24.04, although it has shown significant growth from its 12-month low of $16.80.
• Recent quarterly earnings indicated robust performance, with the company reporting an EPS of $1.55, exceeding estimates and indicating a favorable net margin of 14.67%.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) insider Keith Donald Bernhard sold 47,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $24.37, for a total value of $1,145,390.00. Following the transaction, the insider owned 53,893 shares in the company, valued at $1,313,372.41. The trade was a 46.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hamilton Insurance Group Trading Up 0.3%

Shares of Hamilton Insurance Group stock traded up $0.08 on Friday, reaching $24.35. 306,664 shares of the company's stock were exchanged, compared to its average volume of 508,060. The company has a market capitalization of $2.44 billion, a P/E ratio of 6.73 and a beta of 0.82. Hamilton Insurance Group, Ltd. has a 52 week low of $16.80 and a 52 week high of $24.67. The firm's 50-day moving average is $22.57 and its two-hundred day moving average is $21.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 0.69.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.54. The firm had revenue of $712.03 million for the quarter, compared to analysts' expectations of $519.50 million. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. Sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several large investors have recently made changes to their positions in HG. Hsbc Holdings PLC purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at $244,000. Price T Rowe Associates Inc. MD increased its position in shares of Hamilton Insurance Group by 20.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,840 shares of the company's stock valued at $302,000 after purchasing an additional 2,726 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Hamilton Insurance Group by 3.2% during the 4th quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock valued at $412,000 after purchasing an additional 679 shares during the last quarter. Northern Trust Corp increased its position in shares of Hamilton Insurance Group by 4.8% during the 4th quarter. Northern Trust Corp now owns 257,728 shares of the company's stock valued at $4,905,000 after purchasing an additional 11,701 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of Hamilton Insurance Group by 76.3% during the 4th quarter. Algert Global LLC now owns 22,668 shares of the company's stock valued at $431,000 after purchasing an additional 9,811 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HG has been the topic of a number of recent research reports. Morgan Stanley reiterated a "cautious" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a report on Monday, August 18th. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. BMO Capital Markets reiterated a "market perform" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Citigroup initiated coverage on Hamilton Insurance Group in a research note on Wednesday, August 13th. They set a "neutral" rating and a $25.00 price objective on the stock. Finally, Barclays raised their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.43.

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.