Brian John Deegan Sells 17,500 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the transaction, the chief accounting officer now owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $19.01 on Friday. The stock has a market cap of $1.93 billion and a P/E ratio of 4.25. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $20.71. The company’s 50-day simple moving average is $18.41 and its 200 day simple moving average is $17.67.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $512.84 million during the quarter, compared to analysts’ expectations of $515.96 million. During the same period in the prior year, the firm posted $0.41 EPS. As a group, research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in HG. Quarry LP grew its position in Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after acquiring an additional 1,341 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Hamilton Insurance Group in the second quarter valued at $34,000. Financial Management Professionals Inc. acquired a new position in Hamilton Insurance Group during the 3rd quarter worth about $34,000. Toronto Dominion Bank acquired a new position in Hamilton Insurance Group during the 3rd quarter worth about $97,000. Finally, US Bancorp DE acquired a new stake in Hamilton Insurance Group in the 3rd quarter valued at about $107,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HG shares. Morgan Stanley downgraded Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a research report on Monday, August 19th. JMP Securities boosted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 8th. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Barclays started coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $21.43.

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.