Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) Director David Brown sold 50,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total value of $1,806,000.00. Following the sale, the director owned 400,000 shares in the company, valued at approximately $14,448,000. This represents a 11.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Hamilton Insurance Group Price Performance
Hamilton Insurance Group stock opened at $34.84 on Wednesday. The firm has a market capitalization of $3.44 billion, a P/E ratio of 6.07 and a beta of 0.31. Hamilton Insurance Group, Ltd. has a one year low of $22.66 and a one year high of $37.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $35.12 and a 200-day moving average price of $32.34.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The company had revenue of $839.58 million for the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%. As a group, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.89 EPS for the current year.
Hedge Funds Weigh In On Hamilton Insurance Group
A number of institutional investors have recently added to or reduced their stakes in HG. Kestra Advisory Services LLC bought a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at about $25,000. NewEdge Advisors LLC bought a new position in shares of Hamilton Insurance Group in the second quarter worth approximately $34,000. Allworth Financial LP increased its position in shares of Hamilton Insurance Group by 45.8% in the second quarter. Allworth Financial LP now owns 1,407 shares of the company's stock worth $48,000 after purchasing an additional 442 shares during the last quarter. KBC Group NV purchased a new stake in Hamilton Insurance Group in the first quarter valued at approximately $65,000. Finally, Royal Bank of Canada raised its stake 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 valued at $84,000 after purchasing an additional 410 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on HG shares. Zacks Research cut Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 7th. Morgan Stanley raised their price objective on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 19th. Citizens Jmp boosted their price objective on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a "market outperform" rating in a research note on Friday, August 7th. Citigroup reaffirmed a "neutral" rating on shares of Hamilton Insurance Group in a report on Wednesday, August 12th. Finally, Weiss Ratings raised shares of Hamilton Insurance Group from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of "Moderate Buy" and a consensus price target of $36.12.
Check Out Our Latest Stock Report on Hamilton Insurance Group
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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