David Brown Sells 37,300 Shares of Hamilton Insurance Group (NYSE:HG) Stock

by · The Cerbat Gem

Hamilton Insurance Group, Ltd. (NYSE:HG – Get Free Report) Director David Brown sold 37,300 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the sale, the director owned 450,000 shares of the company’s stock, valued at $14,472,000. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock traded up $0.32 on Wednesday, reaching $32.34. The company’s stock had a trading volume of 500,417 shares, compared to its average volume of 528,522. The company has a market capitalization of $3.21 billion, a P/E ratio of 5.29 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a 52-week low of $20.39 and a 52-week high of $33.72. The stock has a 50-day moving average price of $30.54 and a 200-day moving average price of $28.76. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. The business had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. Analysts expect that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Zacks Research raised shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wells Fargo & Company upped their target price on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.43.

Read Our Latest Analysis on Hamilton Insurance Group

Institutional Trading of Hamilton Insurance Group

Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock valued at $131,378,000 after buying an additional 737,084 shares in the last quarter. Nuveen LLC grew its holdings in Hamilton Insurance Group by 3.5% in the 4th quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after buying an additional 74,194 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after buying an additional 646,106 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Hamilton Insurance Group by 10.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after buying an additional 140,474 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Hamilton Insurance Group by 32.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock valued at $40,312,000 after buying an additional 332,405 shares in the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Company Profile

(Get Free Report)

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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