Jonathan Levenson Sells 6,075 Shares of Hamilton Insurance Group (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HG) Treasurer Jonathan Levenson sold 6,075 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total value of $185,955.75. Following the sale, the treasurer owned 39,629 shares in the company, valued at $1,213,043.69. The trade was a 13.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hamilton Insurance Group Stock Up 3.3%

Shares of HG traded up $1.01 during mid-day trading on Friday, hitting $31.85. 850,876 shares of the company traded hands, compared to its average volume of 501,342. The company has a market capitalization of $3.16 billion, a PE ratio of 5.21 and a beta of 0.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $30.44 and a 200 day moving average of $28.61. Hamilton Insurance Group, Ltd. has a 1-year low of $20.39 and a 1-year 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 analysts’ consensus estimates of $1.08 by $0.56. The company had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. Equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.95 EPS for the current year.

Hamilton Insurance Group Announces Dividend

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

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds have recently added to or reduced their stakes in HG. AQR Capital Management LLC boosted its holdings in Hamilton Insurance Group by 186.0% in the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock valued at $1,190,000 after purchasing an additional 37,329 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hamilton Insurance Group by 9.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock valued at $510,000 after buying an additional 2,071 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hamilton Insurance Group by 9.7% in the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after buying an additional 39,020 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Hamilton Insurance Group by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after buying an additional 20,926 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hamilton Insurance Group by 87.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock worth $1,777,000 after buying an additional 39,927 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HG shares. Wells Fargo & Company raised their target price on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Barclays boosted their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Wall Street Zen lowered Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.43.

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.