Group Chief Accounting Officer Of Hamilton Insurance Group Sold 93% Of Their Shares

Anyone interested in Hamilton Insurance Group, Ltd. (NYSE:HG) should probably be aware that the Group Chief Accounting Officer, Brian Deegan, recently divested US$367k worth of shares in the company, at an average price of US$16.70 each. In particular, we note that the sale equated to a 93% reduction in their position size, which doesn't exactly instill confidence.

View our latest analysis for Hamilton Insurance Group

Hamilton Insurance Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Director, William Freda, sold US$446k worth of shares at a price of US$15.00 per share. That means that even when the share price was below the current price of US$16.84, an insider wanted to cash in some shares. 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. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 10% of William Freda's holding.

Happily, we note that in the last year insiders paid US$404k for 26.67k shares. But they sold 99.00k shares for US$1.5m. All up, insiders sold more shares in Hamilton Insurance Group than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Hamilton Insurance Group insiders own about US$45m worth of shares. That equates to 2.4% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Hamilton Insurance Group Tell Us?

An insider hasn't bought Hamilton Insurance Group stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, Hamilton Insurance Group makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Hamilton Insurance Group you should be aware of.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.