Key Points
- Director David Brown sold 12,700 shares of Hamilton Insurance Group stock on May 15 at an average price of $31.82, totaling about $404,114. After the sale, he still held 487,300 shares.
- The company recently beat earnings expectations, reporting $1.64 EPS for the quarter versus the $1.08 consensus estimate, though revenue of $758.91 million came in below forecasts.
- Analysts remain generally positive on HG, with an average target price of $33.43 and a “Moderate Buy” rating, even as one firm recently downgraded the stock to hold.
Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) Director David Brown sold 12,700 shares of Hamilton Insurance Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $31.82, for a total value of $404,114.00. Following the transaction, the director owned 487,300 shares in the company, valued at approximately $15,505,886. The trade was a 2.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Hamilton Insurance Group Stock Performance
Shares of Hamilton Insurance Group stock opened at $31.93 on Wednesday. Hamilton Insurance Group, Ltd. has a one year low of $20.39 and a one year high of $33.72. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 5.23 and a beta of 0.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50 day moving average price is $30.54 and its 200 day moving average price is $28.76.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its 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 company had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.
Analysts Set New Price Targets
HG has been the topic of a number of research analyst reports. Citizens Jmp lifted their target price on Hamilton Insurance Group from $36.00 to $38.00 and gave the company a "market outperform" rating in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price 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. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, February 23rd. Wall Street Zen downgraded Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, Citigroup restated an "outperform" rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $33.43.
View Our Latest Report on HG
Institutional Investors Weigh In On Hamilton Insurance Group
Several institutional investors and hedge funds have recently modified their holdings of 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 buying an additional 737,084 shares during the period. 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 buying an additional 646,106 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at $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 buying an additional 417,261 shares during the period. 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 buying an additional 355,947 shares during the period. Hedge funds and other institutional investors own 29.17% of the company's stock.
About Hamilton Insurance Group
(
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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