Have Insiders Sold Hamilton Insurance Group Shares Recently?
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Some Hamilton Insurance Group, Ltd. (NYSE:HG) shareholders may be a little concerned to see that the Independent Chairman of the Board, David Brown, recently sold a substantial US$1.2m worth of stock at a price of US$32.16 per share. However, that sale only accounted for 6.3% of their holding, so arguably it doesn't say much about their conviction.
Hamilton Insurance Group Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, Megan Graves, for US$2.4m worth of shares, at about US$23.75 per share. That means that an insider was selling shares at slightly below the current price (US$31.65). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was 91% of Megan Graves's holding.
In total, Hamilton Insurance Group insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Does Hamilton Insurance Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Hamilton Insurance Group insiders own 3.5% of the company, worth about US$109m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Hamilton Insurance Group Tell Us?
The insider sales have outweighed the insider buying, at Hamilton Insurance Group, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But it is good to see that Hamilton Insurance Group is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
