SoFi CEO enters prepaid forward contract on 1.5 million shares
Venkatanarayanan Krishnamoorthy, Group CTO and Group CDO at Hamilton Insurance Group, Ltd. (NYSE:HG), sold 18,988 Class B Common Shares on August 15, 2025, for approximately $455,713. The $2.34 billion market cap insurance company has demonstrated strong financial performance, trading at an attractive P/E ratio of 6.6 and showing robust price momentum with a 26% gain over the past six months.
The shares were sold at prices ranging from $24.00 to $24.01. Following the transaction, Krishnamoorthy directly owns 64,512 shares of Hamilton Insurance Group, Ltd. According to InvestingPro analysis, while this insider sale occurred, management has been actively buying back shares, and the company maintains excellent financial health with a "GREAT" overall rating.
In other recent news, Hamilton Insurance Group reported strong second-quarter earnings, with operating earnings per share reaching $1.55. This result significantly surpassed both JMP Securities’ estimate of $1.09 and the consensus forecast of $1.05. The earnings beat was largely attributed to higher-than-expected net investment income of $149 million, driven by robust returns from the Two Sigma Hamilton Fund. Following these results, JMP Securities raised its price target for Hamilton Insurance to $29.00, maintaining a Market Outperform rating. Similarly, Keefe, Bruyette & Woods increased their price target to $27.00, citing lower interest expenses and a reduced catastrophe loss ratio as contributing factors. In corporate developments, Hamilton Insurance appointed Russ Buckley as Group Chief Risk Officer and Raymond (NSE:RYMD) Karrenbauer as Group Chief Information Officer. Buckley will oversee the company’s risk and actuarial functions, while Karrenbauer will manage the information technology strategy. These appointments are part of Hamilton’s ongoing efforts to strengthen its executive management team.
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