Key Points
- Insider sale: Timothy James Duffin sold 28,500 Hamilton Insurance Group shares for approximately $984,105, reducing his direct ownership by 11.31% to 223,459 shares.
- Financial performance: Hamilton reported quarterly earnings of $1.56 per share on $839.58 million in revenue, with a 19.56% net margin and 22.60% return on equity.
- Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with an average price target of $36.12 versus the stock’s opening price of $34.89; institutional investors own 29.17% of the company.
Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) insider Timothy James Duffin sold 28,500 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $34.53, for a total value of $984,105.00. Following the completion of the transaction, the insider directly owned 223,459 shares in the company, valued at approximately $7,716,039.27. This represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Hamilton Insurance Group Trading Up 0.1%
Shares of HG opened at $34.89 on Tuesday. The firm has a market cap of $3.44 billion, a P/E ratio of 6.08 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. Hamilton Insurance Group, Ltd. has a 1 year low of $22.66 and a 1 year high of $37.31. The company has a 50 day simple moving average of $35.15 and a two-hundred day simple moving average of $32.46.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The firm had revenue of $839.58 million for the quarter. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.89 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on HG shares. Morgan Stanley raised their price objective on 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. Weiss Ratings reiterated a "buy (b+)" rating on shares of Hamilton Insurance Group in a research report on Wednesday, September 9th. Wells Fargo & Company boosted their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Citigroup reissued a "neutral" rating on shares of Hamilton Insurance Group in a research note on Wednesday, August 12th. Finally, UBS Group set a $33.00 price target on Hamilton Insurance Group in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.12.
View Our Latest Research Report on Hamilton Insurance Group
Institutional Investors Weigh In On Hamilton Insurance Group
Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new position in shares of Hamilton Insurance Group in the 2nd quarter worth approximately $34,000. Allworth Financial LP raised its holdings in Hamilton Insurance Group by 45.8% during the 2nd quarter. Allworth Financial LP now owns 1,407 shares of the company's stock valued at $48,000 after buying an additional 442 shares during the period. KBC Group NV purchased a new stake in Hamilton Insurance Group during the 1st quarter valued at $65,000. Parallel Advisors LLC lifted its position in Hamilton Insurance Group by 20.0% in the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company's stock worth $131,000 after buying an additional 735 shares during the last quarter. Finally, Swiss Life Asset Management Ltd bought a new stake in Hamilton Insurance Group in the fourth quarter worth $208,000. 29.17% of the stock is owned by institutional investors.
About Hamilton Insurance Group
(
Get Free Report)
Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.
The company's offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.
Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.
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