Key Points
- Hamilton Insurance Group Treasurer Jonathan Levenson sold 3,030 shares on May 8 at an average price of $30.67, totaling about $92,930. After the sale, he still held 45,704 shares, a 6.22% reduction in his position.
- The company beat earnings expectations for the latest quarter, reporting EPS of $1.64 versus the $1.08 consensus. However, revenue came in below estimates at $758.91 million versus $933.90 million expected.
- Wall Street remains broadly positive on HG, with analysts giving it a Moderate Buy consensus and an average price target of $33.43. Recent firms including Wells Fargo and Citizens JMP also raised their targets, while the stock traded around $30.72.
Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) Treasurer Jonathan Levenson sold 3,030 shares of the company's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $30.67, for a total value of $92,930.10. Following the completion of the sale, the treasurer owned 45,704 shares in the company, valued at approximately $1,401,741.68. This represents a 6.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Hamilton Insurance Group Stock Performance
NYSE HG opened at $30.72 on Wednesday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 5.03 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a fifty-two week low of $20.17 and a fifty-two week high of $33.72. The stock has a 50-day simple moving average of $30.46 and a two-hundred day simple moving average of $28.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The firm had revenue of $758.91 million during the quarter, compared to analysts' expectations of $933.90 million. On average, equities analysts forecast that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current year.
Hamilton Insurance Group Dividend Announcement
The firm also recently announced a special dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 6th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 6th.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on HG. Wells Fargo & Company boosted 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, May 6th. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. Citizens Jmp boosted their target price on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a "market outperform" rating in a research note on Friday, May 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.43.
Get Our Latest Research Report on HG
Institutional Trading of Hamilton Insurance Group
Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Hamilton Insurance Group by 15.8% in the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company's stock worth $84,000 after acquiring an additional 410 shares in the last quarter. Arizona State Retirement System increased its holdings in Hamilton Insurance Group by 3.4% during the 3rd quarter. Arizona State Retirement System now owns 13,881 shares of the company's stock valued at $344,000 after acquiring an additional 458 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Hamilton Insurance Group by 2.6% during the 3rd quarter. Alps Advisors Inc. now owns 18,774 shares of the company's stock worth $466,000 after purchasing an additional 469 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company's stock valued at $131,000 after buying an additional 735 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at $25,000. Institutional investors and hedge funds own 29.17% of the company's stock.
Hamilton Insurance Group Company Profile
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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.
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