Alan Neil Patterson Acquires 21,135 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) Stock

Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) Director Alan Neil Patterson purchased 21,135 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average cost of $16.66 per share, with a total value of $352,109.10. Following the transaction, the director now owns 21,135 shares in the company, valued at approximately $352,109.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $16.63 on Wednesday. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $16.97. The company has a 50-day moving average price of $14.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.83 billion and a price-to-earnings ratio of 5.05.

Hamilton Insurance Group (NYSE:HGGet Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.58. Hamilton Insurance Group had a return on equity of 18.53% and a net margin of 19.11%. The company had revenue of $495.16 million during the quarter, compared to the consensus estimate of $412.55 million. As a group, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 3.43 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in HG. Wellington Management Group LLP purchased a new stake in Hamilton Insurance Group during the fourth quarter worth about $19,249,000. Penn Capital Management Company LLC purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $9,352,000. Acadian Asset Management LLC purchased a new stake in shares of Hamilton Insurance Group during the 1st quarter worth approximately $3,831,000. Ghisallo Capital Management LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $3,738,000. Finally, Sei Investments Co. lifted its stake in Hamilton Insurance Group by 25.3% in the first quarter. Sei Investments Co. now owns 204,185 shares of the company’s stock valued at $2,844,000 after purchasing an additional 41,256 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HG. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, May 10th. JMP Securities lifted their price target on Hamilton Insurance Group from $22.00 to $23.00 and gave the company a “market outperform” rating in a research note on Thursday, May 9th. Morgan Stanley lowered their price objective on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.00 target price (up previously from $20.00) on shares of Hamilton Insurance Group in a research report on Thursday, May 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $20.00.

View Our Latest Report on Hamilton Insurance Group

Hamilton Insurance Group Company Profile

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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.

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Insider Buying and Selling by Quarter for Hamilton Insurance Group (NYSE:HG)

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