Hamilton Insurance Group Group Chief Accounting Officer Brian Deegan Sells 84% Of Holding

Anyone interested in Hamilton Insurance Group, Ltd. (NYSE:HG) should probably be aware that the Group Chief Accounting Officer, Brian Deegan, recently divested US$336k worth of shares in the company, at an average price of US$19.18 each. Equally important, that sale actually reduced their holding by a full 84% which hardly makes us feel bullish about the stock.

Check out our latest analysis for Hamilton Insurance Group

Hamilton Insurance Group Insider Transactions Over The Last Year

In fact, the recent sale by Group Chief Accounting Officer Brian Deegan was not their only sale of Hamilton Insurance Group shares this year. Earlier in the year, they fetched US$16.70 per share in a -US$367k sale. That means that even when the share price was below the current price of US$19.08, 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. 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 93% of Brian Deegan's holding.

Over the last year, we can see that insiders have bought 31.14k shares worth US$506k. But insiders sold 39.50k shares worth US$703k. Brian Deegan divested 39.50k shares over the last 12 months at an average price of US$17.80. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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).

Insider Ownership Of Hamilton Insurance Group

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.7% of Hamilton Insurance Group shares, worth about US$51m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

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. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that Hamilton Insurance Group is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 2 warning signs for Hamilton Insurance Group (1 is significant!) and we strongly recommend you look at them before investing.

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.

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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.