Key Points
- CEO Alexander James Baker sold 18,350 shares on Nov. 14 at an average price of $26.19 for proceeds of $480,586.50, reducing his ownership by 17.90% to 84,136 shares; the transaction was disclosed in an SEC filing.
- Hamilton reported a strong quarter with EPS $1.32 vs. $0.71 expected and revenue of $698.85M (vs. $537.7M est.), and analysts are generally positive—average rating "Moderate Buy" with a consensus target of $28.25 and the stock trading near its 12‑month high.
Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) CEO Alexander James Baker sold 18,350 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $26.19, for a total value of $480,586.50. Following the completion of the sale, the chief executive officer owned 84,136 shares of the company's stock, valued at approximately $2,203,521.84. This represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Hamilton Insurance Group Trading Up 2.1%
NYSE:HG opened at $26.22 on Wednesday. The business's 50-day moving average is $24.59 and its two-hundred day moving average is $22.76. The firm has a market capitalization of $2.58 billion, a PE ratio of 6.24 and a beta of 0.81. Hamilton Insurance Group, Ltd. has a 12 month low of $16.80 and a 12 month high of $26.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.66.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.61. The business 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%. Research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on HG. Barclays lifted their target price on Hamilton Insurance Group from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Zacks Research raised Hamilton Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 17th. JMP Securities set a $32.00 target price on Hamilton Insurance Group in a research note on Wednesday, November 5th. Wells Fargo & Company lifted their price target on shares of Hamilton Insurance Group from $29.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, November 6th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.25.
Check Out Our Latest Analysis on Hamilton Insurance Group
Hedge Funds Weigh In On Hamilton Insurance Group
A number of hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System bought a new stake in shares of Hamilton Insurance Group in the 1st quarter worth approximately $267,000. Victory Capital Management Inc. grew its stake in Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock worth $9,766,000 after buying an additional 346,998 shares during the last quarter. Swiss National Bank increased its position in Hamilton Insurance Group by 60.4% in the first quarter. Swiss National Bank now owns 87,100 shares of the company's stock worth $1,806,000 after buying an additional 32,800 shares during the period. Informed Momentum Co LLC bought a new stake in Hamilton Insurance Group in the first quarter valued at $3,143,000. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Hamilton Insurance Group during the first quarter valued at $731,000. Institutional investors and hedge funds own 29.17% of the company's stock.
Hamilton Insurance Group Company Profile
(
Get Free Report)
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.
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