Timothy James Duffin Sells 28,500 Shares of Hamilton Insurance Group (NYSE:HG) Stock

Key Points

• Insider sale: Timothy James Duffin sold 28,500 Hamilton Insurance Group shares for approximately $984,105, reducing his holdings by 11.31% to 223,459 shares.
• Stock performance and fundamentals: HG recently traded at $34.89, near its 52-week high, with a $3.44 billion market capitalization and a quarterly EPS result of $1.56 on $839.58 million in revenue.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with an average price target of $36.12, although some firms recently downgraded the stock to “Hold.” Institutional investors own approximately 29.17% of the company.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) insider Timothy James Duffin sold 28,500 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $34.53, for a total transaction of $984,105.00. Following the sale, the insider owned 223,459 shares in the company, valued at approximately $7,716,039.27. The trade was a 11.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hamilton Insurance Group Stock Up 0.1%

NYSE HG traded up $0.04 on Monday, reaching $34.89. The company had a trading volume of 412,552 shares, compared to its average volume of 487,716. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 6.08 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Hamilton Insurance Group, Ltd. has a 1-year low of $22.66 and a 1-year high of $37.31. The company's fifty day moving average is $35.14 and its 200-day moving average is $32.43.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HG shares. Morgan Stanley upped their target price on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 19th. Citizens Jmp raised their price objective on Hamilton Insurance Group from $40.00 to $42.00 and gave the company a "market outperform" rating in a research report on Friday, August 7th. UBS Group set a $33.00 target price on Hamilton Insurance Group in a report on Thursday, May 21st. Wall Street Zen downgraded Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Zacks Research cut shares of Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.12.

Institutional Trading of Hamilton Insurance Group

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in shares of Hamilton Insurance Group during the 2nd quarter worth $34,000. Squarepoint Ops LLC lifted its position in Hamilton Insurance Group by 32.1% during the second quarter. Squarepoint Ops LLC now owns 47,685 shares of the company's stock worth $1,618,000 after purchasing an additional 11,590 shares during the period. Allworth Financial LP grew its stake in 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 buying an additional 442 shares in the last quarter. Arizona State Retirement System increased its holdings in Hamilton Insurance Group by 3.9% in the 2nd quarter. Arizona State Retirement System now owns 12,887 shares of the company's stock valued at $437,000 after buying an additional 478 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Hamilton Insurance Group in the 2nd quarter valued at about $1,186,000. 29.17% of the stock is currently owned by institutional investors.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. NYSE: HG is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company's offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.

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