Hamilton Insurance Group’s chief risk officer sells shares worth $124,920

In a recent SEC filing, Hamilton Insurance Group, Ltd. (NASDAQ:HG) reported that its Chief Risk Officer, Alexander James Baker, executed a sale of 6,000 Class B common shares. The transaction took place on March 5, 2025, with the shares sold at a weighted average price ranging from $20.75 to $20.82, resulting in a total sale value of approximately $124,920. The sale comes as HG trades near its 52-week high of $21.05, having gained over 46% in the past year. According to InvestingPro analysis, the company maintains an EXCELLENT financial health score, with a notably low P/E ratio of 5.3x.

Following this transaction, Baker holds 122,338 shares in the company, which includes restricted stock units. The sale was conducted under a pre-arranged trading plan, often referred to as a Rule 10b5-1 plan, which allows insiders to set up a trading plan for selling stocks they own. While this insider sale occurred, InvestingPro data shows management has been actively buying back shares, suggesting confidence in the company’s value. Discover 8 more exclusive insights and detailed financial analysis with an InvestingPro subscription.

In other recent news, Hamilton Insurance Group reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $0.32, significantly below the forecasted $0.71. Despite this miss, the company achieved a 55% year-over-year increase in full-year net income, highlighting robust financial performance. Revenue for the year was reported at $543.94 million, far exceeding the forecast of $25.1 million. Gross premiums written saw a substantial increase of 24% year-over-year, reaching $2.4 billion, with strong growth in both the International and Bermuda segments. JMP Securities analyst Matthew Carletti raised the price target for Hamilton Insurance Group shares to $27.00, maintaining a Market Outperform rating, following the company’s earnings report. The analyst noted that the company’s gross written premiums exceeded expectations, particularly in the International segment, which grew by 28%. Additionally, Hamilton Insurance provided an initial estimate for first-quarter losses due to the LA wildfires, projecting a net impact of $120 million to $150 million. These recent developments underscore Hamilton Insurance Group’s strategic initiatives and overall financial health.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.