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

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total transaction 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. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were 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 Trading Up 0.7 %

Shares of Hamilton Insurance Group stock traded up $0.14 during mid-day trading on Tuesday, hitting $21.48. 515,366 shares of the stock were exchanged, compared to its average volume of 456,037. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 4.81 and a beta of 0.92. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.48. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $19.44 and a 200 day simple moving average of $18.89.

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Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $543.94 million during the quarter, compared to analysts' expectations of $460.17 million. Research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hamilton Insurance Group

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Hamilton Insurance Group by 198.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock valued at $71,859,000 after buying an additional 2,469,422 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Hamilton Insurance Group by 538.4% in the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after acquiring an additional 727,242 shares during the last quarter. Private Management Group Inc. purchased a new stake in Hamilton Insurance Group in the fourth quarter valued at approximately $10,511,000. Jacobs Levy Equity Management Inc. acquired a new position in Hamilton Insurance Group during the third quarter worth approximately $9,419,000. Finally, State Street Corp raised its stake in Hamilton Insurance Group by 133.3% during the third quarter. State Street Corp now owns 532,632 shares of the company's stock worth $10,301,000 after purchasing an additional 304,371 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

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.