Jonathan Levenson Sells 3,030 Shares of Hamilton Insurance Group (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Treasurer Jonathan Levenson sold 3,030 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $30.67, for a total transaction of $92,930.10. Following the transaction, the treasurer owned 45,704 shares of the company’s stock, valued at approximately $1,401,741.68. This trade represents a 6.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hamilton Insurance Group Trading Down 1.6%

NYSE:HG opened at $30.22 on Thursday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 4.95 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a 52 week low of $20.17 and a 52 week high of $33.72. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $30.43 and a 200 day moving average of $28.55.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. The business had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. As a group, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current fiscal year.

Hamilton Insurance Group Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 6th were paid a $2.00 dividend. The ex-dividend date was Friday, March 6th.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Citizens Jmp raised their price target on shares of Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.43.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently bought and sold shares of HG. Wellington Management Group LLP boosted its holdings in shares of 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 acquiring an additional 737,084 shares during the last quarter. Nuveen LLC lifted its position in Hamilton Insurance Group by 3.5% during the fourth quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after purchasing an additional 74,194 shares during the period. Donald Smith & CO. Inc. boosted its holdings in Hamilton Insurance Group by 71.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after purchasing an additional 646,106 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Hamilton Insurance Group by 1.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock worth $34,063,000 after purchasing an additional 15,615 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hamilton Insurance Group by 32.6% during 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 during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

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.