Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws Sells 3,785 Shares

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Adrian Joseph Daws sold 3,785 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the sale, the chief executive officer now owns 199,923 shares of the company’s stock, valued at $4,198,383. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Adrian Joseph Daws also recently made the following trade(s):

• On Tuesday, March 11th, Adrian Joseph Daws sold 139 shares of Hamilton Insurance Group stock. The stock was sold at an average price of $21.00, for a total value of $2,919.00.
• On Friday, March 7th, Adrian Joseph Daws sold 11,076 shares of Hamilton Insurance Group stock. The stock was sold at an average price of $20.69, for a total value of $229,162.44.

Hamilton Insurance Group Stock Performance

Shares of HG stock traded down $0.39 during trading hours on Friday, reaching $20.78. 895,291 shares of the company traded hands, compared to its average volume of 453,360. Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $21.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $2.11 billion, a P/E ratio of 4.65 and a beta of 0.92. The firm has a 50-day moving average price of $19.34 and a 200 day moving average price of $18.87.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $543.94 million for the quarter, compared to analysts’ expectations of $460.17 million. As a group, sell-side analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HG. Sterling Capital Management LLC lifted its position in shares of Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock valued at $29,000 after buying an additional 1,133 shares in the last quarter. Quarry LP lifted its holdings in Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Spire Wealth Management purchased a new position in Hamilton Insurance Group in the 4th quarter worth approximately $38,000. Bfsg LLC purchased a new position in Hamilton Insurance Group in the 4th quarter worth approximately $77,000. Finally, Toronto Dominion Bank purchased a new position in Hamilton Insurance Group in the 3rd quarter worth approximately $97,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, Barclays set a $25.00 target price on Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $23.80.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.