Key Points
- CAO Brian John Deegan sold 11,000 shares on May 5 at an average price of $30.69 for a total of $337,590, reducing his stake by 13.36% to 71,347 shares valued at about $2.19 million.
- Hamilton reported Q1 EPS of $1.64 (vs. $1.08 consensus) but revenue of $758.9 million missed estimates; the company shows strong profitability metrics (ROE 23.18%, net margin 21.73%) and paid a $2.00 special dividend on March 30.
- Analyst sentiment is largely positive with six Buys and three Holds, an average target of $33.43, and recent price-target raises to the $35–$37 range from several firms.
Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) CAO Brian John Deegan sold 11,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total value of $337,590.00. Following the transaction, the chief accounting officer directly owned 71,347 shares in the company, valued at $2,189,639.43. The trade was a 13.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Hamilton Insurance Group Price Performance
HG opened at $30.70 on Friday. Hamilton Insurance Group, Ltd. has a 12-month low of $18.76 and a 12-month high of $33.72. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The business's fifty day simple moving average is $30.50 and its 200-day simple moving average is $28.37. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 5.02 and a beta of 0.58.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.18% and a net margin of 21.73%.The business had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. On average, equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.46 earnings per share for the current fiscal year.
Hamilton Insurance Group Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 6th were paid a dividend of $2.00 per share. The ex-dividend date was Friday, March 6th.
Analysts Set New Price Targets
HG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday. Zacks Research cut Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. Barclays upped their price objective on Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen upgraded Hamilton Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.43.
View Our Latest Stock Report on Hamilton Insurance Group
Institutional Investors Weigh In On Hamilton Insurance Group
Several institutional investors have recently added to or reduced their stakes in HG. Kestra Advisory Services LLC acquired a new stake in Hamilton Insurance Group in the fourth quarter worth about $25,000. Chesapeake Asset Management LLC raised its stake in shares of Hamilton Insurance Group by 487.8% in the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company's stock worth $34,000 after purchasing an additional 1,000 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Hamilton Insurance Group by 1,404.4% in the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company's stock worth $42,000 after purchasing an additional 1,587 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Hamilton Insurance Group by 112.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company's stock worth $49,000 after purchasing an additional 937 shares during the last quarter. Finally, KBC Group NV purchased a new position in Hamilton Insurance Group during the first quarter valued at approximately $65,000. 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. 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
