Alexander James Baker Sells 18,350 Shares of Hamilton Insurance Group (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) CEO Alexander James Baker sold 18,350 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $26.19, for a total value of $480,586.50. Following the transaction, the chief executive officer owned 84,136 shares of the company’s stock, valued at $2,203,521.84. This trade represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hamilton Insurance Group Stock Up 2.1%

Shares of NYSE HG traded up $0.54 during midday trading on Tuesday, hitting $26.22. The company’s stock had a trading volume of 334,635 shares, compared to its average volume of 489,366. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $26.88. The business’s fifty day simple moving average is $24.54 and its two-hundred day simple moving average is $22.70. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.24 and a beta of 0.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.66.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.71 by $0.61. Hamilton Insurance Group had a net margin of 15.95% and a return on equity of 15.07%. The company had revenue of $698.85 million during the quarter, compared to analysts’ expectations of $537.70 million. On average, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HG. Bank of New York Mellon Corp grew its position in shares of Hamilton Insurance Group by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 188,714 shares of the company’s stock worth $3,912,000 after acquiring an additional 5,130 shares during the last quarter. Arizona State Retirement System acquired a new stake in Hamilton Insurance Group during the 1st quarter worth $267,000. New York State Common Retirement Fund boosted its stake in Hamilton Insurance Group by 110.3% during the 1st quarter. New York State Common Retirement Fund now owns 29,741 shares of the company’s stock worth $617,000 after purchasing an additional 15,600 shares during the period. CWM LLC grew its position in Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company’s stock worth $35,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Hamilton Insurance Group by 279.5% in the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock valued at $9,766,000 after purchasing an additional 346,998 shares during the period. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HG shares. Barclays increased their price objective on shares of Hamilton Insurance Group from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a report on Wednesday, November 5th. Finally, Citizens Jmp raised their target price on Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

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.