Hamilton Insurance Group (NYSE:HG) Treasurer Jonathan Levenson Sells 3,030 Shares of Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Treasurer Jonathan Levenson sold 3,030 shares of Hamilton Insurance Group stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $30.67, for a total value of $92,930.10. Following the transaction, the treasurer directly owned 45,704 shares in the company, valued at approximately $1,401,741.68. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hamilton Insurance Group Trading Down 0.6%

Shares of HG stock opened at $30.72 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day simple moving average of $30.46 and a two-hundred day simple moving average of $28.51. The firm has a market capitalization of $3.04 billion, a PE ratio of 5.03 and a beta of 0.58. Hamilton Insurance Group, Ltd. has a 52-week low of $20.17 and a 52-week high of $33.72.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.08 by $0.56. The firm had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. On average, analysts predict that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current fiscal year.

Hamilton Insurance Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 6th were given a dividend of $2.00 per share. The ex-dividend date was Friday, March 6th.

Wall Street Analyst Weigh In

HG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. Citigroup reissued an “outperform” rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st. Barclays raised their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Citizens Jmp raised their price target on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.43.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of HG. Royal Bank of Canada increased its holdings in Hamilton Insurance Group by 15.8% during the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after buying an additional 410 shares during the period. Arizona State Retirement System boosted its position in Hamilton Insurance Group by 3.4% during the third quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock valued at $344,000 after purchasing an additional 458 shares in the last quarter. Alps Advisors Inc. boosted its position in Hamilton Insurance Group by 2.6% during the third quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock valued at $466,000 after purchasing an additional 469 shares in the last quarter. Parallel Advisors LLC grew its stake in Hamilton Insurance Group by 20.0% in the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after purchasing an additional 735 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Hamilton Insurance Group in the fourth quarter worth about $25,000. 29.17% of the stock is owned by institutional investors.

About Hamilton Insurance Group

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.