Key Points
- Director David Brown sold 37,300 shares of Hamilton Insurance Group on May 18 at an average price of $32.16, for a total value of about $1.2 million. After the sale, he still held 450,000 shares, reducing his position by 7.65%.
- Hamilton Insurance Group recently beat earnings expectations with quarterly EPS of $1.64 versus the $1.08 consensus, though revenue of $758.91 million came in below estimates. The company also reported a strong net margin of 21.73% and return on equity of 23.19%.
- Analysts remain generally positive on HG, with multiple firms raising price targets to as high as $38 and the stock carrying a consensus rating of “Moderate Buy.” The shares recently traded near $32.34, close to their 52-week high of $33.72.
Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) Director David Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the completion of the transaction, the director owned 450,000 shares in the company, valued at approximately $14,472,000. The trade was a 7.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Hamilton Insurance Group Price Performance
Shares of NYSE:HG opened at $32.34 on Thursday. The stock has a market cap of $3.21 billion, a PE ratio of 5.29 and a beta of 0.58. The company's fifty day moving average is $30.62 and its 200 day moving average is $28.82. Hamilton Insurance Group, Ltd. has a 52 week low of $20.39 and a 52 week high of $33.72. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.56. The company had revenue of $758.91 million for the quarter, compared to analysts' expectations of $933.90 million. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 earnings per share for the current year.
Institutional Investors Weigh In On Hamilton Insurance Group
Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Hamilton Insurance Group by 15.8% during 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 boosted its stake in Hamilton Insurance Group by 3.4% during the third quarter. Arizona State Retirement System now owns 13,881 shares of the company's stock worth $344,000 after acquiring an additional 458 shares in the last quarter. Alps Advisors Inc. boosted its stake in Hamilton Insurance Group by 2.6% during the third quarter. Alps Advisors Inc. now owns 18,774 shares of the company's stock worth $466,000 after acquiring an additional 469 shares in the last quarter. Parallel Advisors LLC boosted its stake in Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company's stock worth $131,000 after acquiring an additional 735 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Hamilton Insurance Group during the fourth quarter worth about $25,000. Institutional investors own 29.17% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on HG shares. Wells Fargo & Company lifted their target price on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Citigroup reiterated an "outperform" rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st. Barclays lifted their target price on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 8th. Citizens Jmp boosted their price objective on shares of 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. Finally, Wall Street Zen cut shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.43.
Check Out Our Latest Research Report on HG
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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