Hamilton Insurance Group (NYSE:HG) Director David Brown Sells 12,700 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Director David Brown sold 12,700 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $31.82, for a total transaction of $404,114.00. Following the completion of the sale, the director owned 487,300 shares of the company’s stock, valued at $15,505,886. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hamilton Insurance Group Stock Down 0.7%

Hamilton Insurance Group stock traded down $0.22 during trading hours on Tuesday, hitting $31.93. 344,597 shares of the stock traded hands, compared to its average volume of 528,818. Hamilton Insurance Group, Ltd. has a one year low of $20.39 and a one year high of $33.72. The firm’s 50-day moving average price is $30.47 and its two-hundred day moving average price is $28.70. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.17 billion, a PE ratio of 5.23 and a beta of 0.58.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. The company 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%. On average, research analysts forecast that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.

Hamilton Insurance Group Announces Dividend

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

Hedge Funds Weigh In On Hamilton Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HG. AQR Capital Management LLC boosted its stake in Hamilton Insurance Group by 186.0% during the 1st quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock valued at $1,190,000 after purchasing an additional 37,329 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hamilton Insurance Group by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after purchasing an additional 2,071 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hamilton Insurance Group by 9.7% during the first quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after purchasing an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Hamilton Insurance Group by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after buying an additional 20,926 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hamilton Insurance Group by 87.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock valued at $1,777,000 after buying an additional 39,927 shares during the last quarter. 29.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HG. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research 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 data from MarketBeat.com, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $33.43.

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.