Have Hamilton Insurance Group Insiders Been Selling Stock?

Anyone interested in Hamilton Insurance Group, Ltd. (NYSE:HG) should probably be aware that the Chief Executive Officer of Hamilton Managing Agency Limited, Adrian Daws, recently divested US$229k worth of shares in the company, at an average price of US$20.69 each. However, the silver lining is that the sale only reduced their total holding by 5.2%, so we're hesitant to read anything much into it, on its own.

Check out our latest analysis for Hamilton Insurance Group

The Last 12 Months Of Insider Transactions At Hamilton Insurance Group

The Group Chief Accounting Officer, Brian Deegan, made the biggest insider sale in the last 12 months. That single transaction was for US$367k worth of shares at a price of US$16.70 each. That means that even when the share price was below the current price of US$20.39, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. 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.

In total, Hamilton Insurance Group insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Hamilton Insurance Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Hamilton Insurance Group insiders own about US$79m worth of shares. That equates to 3.8% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

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

An insider sold Hamilton Insurance Group shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. But since Hamilton Insurance Group is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! 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. You'd be interested to know, that we found 1 warning sign for Hamilton Insurance Group and we suggest you have a look.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.