Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Sells $229,162.44 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44. Following the sale, the chief executive officer now directly owns 203,847 shares in the company, valued at approximately $4,217,594.43. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hamilton Insurance Group Stock Down 1.3 %

Shares of NYSE HG opened at $20.45 on Thursday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 4.57 and a beta of 0.92. 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 52-week low of $12.44 and a 52-week high of $21.05. The business’s 50 day moving average is $19.12 and its two-hundred day moving average is $18.83.

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

Analysts Set New Price Targets

Several research firms have recently commented on HG. Wells Fargo & Company lifted their price target on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $23.80.

Institutional Trading of Hamilton Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cim LLC acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth $277,000. Mackenzie Financial Corp acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth $206,000. Public Employees Retirement System of Ohio grew its stake in shares of Hamilton Insurance Group by 40.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 38,250 shares of the company’s stock worth $728,000 after acquiring an additional 11,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hamilton Insurance Group by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,812 shares of the company’s stock worth $872,000 after acquiring an additional 6,641 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth $212,000. Hedge funds and other institutional investors 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.