Key Points
- Hamilton Insurance Group Treasurer Jonathan Levenson sold 6,075 shares on May 13 at an average price of $30.61, totaling about $185,956. After the sale, he still owned 39,629 shares, a 13.29% reduction in his stake.
- The stock was up 3.3% and opened at $31.85, trading near its 52-week high of $33.72. Hamilton has a market cap of $3.16 billion and a low beta of 0.58.
- The company recently beat earnings expectations with quarterly EPS of $1.64 versus $1.08 expected, though revenue came in below forecasts. Analysts currently rate the stock a Moderate Buy with an average price target of $33.43.
Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) Treasurer Jonathan Levenson sold 6,075 shares of Hamilton Insurance Group stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total value of $185,955.75. Following the sale, the treasurer owned 39,629 shares in the company, valued at $1,213,043.69. The trade was a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Hamilton Insurance Group Stock Up 3.3%
Shares of NYSE HG opened at $31.85 on Friday. Hamilton Insurance Group, Ltd. has a one year low of $20.39 and a one year high of $33.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The business's fifty day moving average price is $30.44 and its 200-day moving average price is $28.61. The stock has a market capitalization of $3.16 billion, a PE ratio of 5.21 and a beta of 0.58.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The firm had revenue of $758.91 million for the quarter, compared to analysts' expectations of $933.90 million. On average, equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.
Hamilton Insurance Group Announces Dividend
The company also recently declared a special dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 6th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 6th.
Institutional Trading of Hamilton Insurance Group
A number of hedge funds and other institutional investors have recently made changes to their positions in HG. Wellington Management Group LLP raised its holdings in shares of Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company's stock valued at $131,378,000 after acquiring an additional 737,084 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company's stock valued at $43,325,000 after acquiring an additional 646,106 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at about $16,667,000. Millennium Management LLC raised its holdings in shares of Hamilton Insurance Group by 89.8% in the 4th quarter. Millennium Management LLC now owns 881,667 shares of the company's stock valued at $24,599,000 after acquiring an additional 417,261 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hamilton Insurance Group by 101.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 705,277 shares of the company's stock valued at $17,490,000 after acquiring an additional 355,947 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hamilton Insurance Group in a research report on Thursday, January 22nd. Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Wells Fargo & Company upped their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Zacks Research raised Hamilton Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 11th. Finally, Citigroup reiterated an "outperform" rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.43.
Read Our Latest Research Report on HG
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.
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