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Adrian Joseph Daws, CEO of Hamilton Global Specialty, a division of Hamilton Insurance Group, Ltd. (NYSE:HG), recently sold 139 shares of the company’s Class B common stock. The company, which maintains a "GREAT" financial health score according to InvestingPro, has seen management actively buying back shares. The shares were sold at a price of $21 each, amounting to a total transaction value of $2,919. Following this sale, Daws retains ownership of 203,708 shares, which include restricted stock units. The transaction was executed on March 11, 2025, as per the latest SEC filings. The stock, currently trading at $20.22, sits near its 52-week high of $21.05 and trades at an attractive P/E ratio of 5.3. For deeper insights into insider trading patterns and 8 additional exclusive ProTips, visit InvestingPro.
In other recent news, Hamilton Insurance Group reported its Q4 2024 earnings, which revealed a significant shortfall in expected earnings per share (EPS). The company posted an EPS of $0.32, missing the forecasted $0.71. Despite this earnings miss, Hamilton Insurance showed strong financial performance for the year, with a 55% increase in net income compared to the previous year, and record underwriting income. The company’s revenue for the year was $543.94 million, significantly surpassing the forecast of $25.1 million. Following the earnings report, JMP Securities analyst Matthew Carletti raised the price target for Hamilton Insurance to $27, maintaining a Market Outperform rating despite the EPS miss.
Keefe, Bruyette & Woods analyst Tommy McJoynt also updated the firm’s outlook on Hamilton Insurance, increasing the stock target to $25 from $23 and retaining an Outperform rating. The analyst’s adjustment was based on mixed revisions to the company’s earnings projections, considering the impact of the California wildfires. Hamilton’s management has projected a net impact of $120 million to $150 million from these wildfires for the first quarter of 2025. Additionally, Hamilton’s gross written premiums saw a significant increase of 25% for the quarter, with notable growth in the International and Bermuda/Reinsurance segments.
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