Gold prices hit 2-week high as Trump-Fed feud escalates with Cook firing
Adrian Joseph Daws, CEO of Hamilton Global Specialty, a division of Hamilton Insurance Group, Ltd. (NASDAQ:HG), recently sold 11,076 Class B common shares. The company, which maintains an excellent financial health score according to InvestingPro, has been trading near its 52-week high of $21.05, showing strong market performance with a 46% return over the past year. The shares were sold at an average price of $20.69 per share, resulting in a total transaction value of $229,162. Following this transaction, Daws retains ownership of 203,847 shares, which includes restricted stock units. The sales were executed as part of a prearranged trading plan, commonly known as a 10b5-1 plan. Despite this insider sale, the company trades at an attractive P/E ratio of 5.3 and management has been actively buying back shares. For comprehensive insider trading analysis and additional insights, investors can access the full Pro Research Report available on InvestingPro.
In other recent news, Hamilton Insurance Group has reported its Q4 2024 earnings, which revealed a significant miss in expected earnings per share (EPS). The company posted an EPS of $0.32, falling short of the anticipated $0.71. Despite this, Hamilton’s full-year net income increased by 55% year-over-year, reaching $400 million, and the company achieved record underwriting income. Revenue for the year was $543.94 million, far exceeding the forecast of $25.1 million. JMP Securities has responded to these earnings by raising Hamilton’s stock target to $27, even though the operating EPS was below expectations. The earnings miss was attributed to higher non-controlling interest expenses and corporate expenses. Meanwhile, Keefe, Bruyette & Woods also adjusted its outlook on Hamilton, raising the stock target to $25 while maintaining an Outperform rating. The analyst noted that impacts from California wildfires have led to a reduction in estimated 2025 EPS, but the 2026 EPS estimate was increased due to improved forecasts. These developments reflect mixed but optimistic expectations from analysts regarding Hamilton Insurance’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.