Insider Selling: Hamilton Insurance Group (NYSE:HG) CEO Sells $480,586.50 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Alexander James Baker sold 18,350 shares of Hamilton Insurance Group stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $26.19, for a total transaction of $480,586.50. Following the transaction, the chief executive officer directly owned 84,136 shares in the company, valued at approximately $2,203,521.84. The trade was a 17.90% 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 hyperlink.

Hamilton Insurance Group Stock Down 0.1%

Hamilton Insurance Group stock opened at $25.71 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.53 billion, a P/E ratio of 6.12 and a beta of 0.81. The business has a fifty day moving average of $24.66 and a two-hundred day moving average of $22.80. Hamilton Insurance Group, Ltd. has a twelve month low of $16.80 and a twelve month high of $26.88.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.71 by $0.61. The firm had revenue of $698.85 million during the quarter, compared to analyst estimates of $537.70 million. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%. On average, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on HG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research report on Wednesday, October 8th. Barclays boosted their price objective on shares of Hamilton Insurance Group from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a report on Wednesday, November 5th. Finally, Zacks Research upgraded Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.63.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of Hamilton Insurance Group by 172.6% in the first quarter. CWM LLC now owns 1,698 shares of the company’s stock worth $35,000 after buying an additional 1,075 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Hamilton Insurance Group by 1,404.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after acquiring an additional 1,587 shares during the period. Flaharty Asset Management LLC purchased a new position in Hamilton Insurance Group in the 1st quarter worth $62,000. State of Alaska Department of Revenue acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth about $71,000. Finally, Ameritas Investment Partners Inc. grew its stake in Hamilton Insurance Group by 14.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after purchasing an additional 585 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Company Profile

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.