Adrian Joseph Daws Sells 3,785 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total transaction of $79,485.00. Following the sale, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Adrian Joseph Daws also recently made the following trade(s):

• On Tuesday, March 11th, Adrian Joseph Daws sold 139 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $21.00, for a total transaction of $2,919.00.
• On Friday, March 7th, Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock opened at $20.78 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $19.38 and its two-hundred day moving average price is $18.88. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $21.48. The stock has a market cap of $2.11 billion, a PE ratio of 4.65 and a beta of 0.92.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The company had revenue of $543.94 million during the quarter, compared to analysts’ expectations of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. As a group, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HG. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.80.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently bought and sold shares of HG. Sterling Capital Management LLC increased its stake in Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after purchasing an additional 1,133 shares in the last quarter. Quarry LP increased its stake in Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Spire Wealth Management purchased a new position in Hamilton Insurance Group in the 4th quarter worth about $38,000. Bfsg LLC purchased a new position in Hamilton Insurance Group in the 4th quarter worth about $77,000. Finally, Toronto Dominion Bank purchased a new position in Hamilton Insurance Group in the 3rd quarter worth about $97,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

About Hamilton Insurance Group

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.