Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hamilton Insurance Group Ltd shares valued at $12,485,643 were purchased by Hamilton Investments LP on Dec 17 ’24. At $18.51 per share, Hamilton Investments LP acquired 674,535 shares.
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Also, ALEXANDER JAMES BAKER purchased 8,000 shares, netting a total of over 150,880 in proceeds.
Before that, VENKATANARAYANAN KRISHNAMOORTH had added 2,161 shares to its account. In a trade valued at $40,855, the Officer bought Hamilton Insurance Group Ltd shares for $18.91 each.
As published in their initiating research note from Barclays on September 05, 2024, Hamilton Insurance Group Ltd [HG] has been an Overweight and the price target has been revised to $26. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid August. As of April 11, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for HG. Earlier on December 05, 2023, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for HG stock.
Analyzing HG Stock Performance
During the last five days, there has been a drop of approximately -4.32%. Over the course of the year, Hamilton Insurance Group Ltd shares have jumped approximately 22.88%. Shares of the company reached a 52-week high of $20.71 on 09/25/24 and a 52-week low of $12.44 on 04/10/24. A 50-day SMA is recorded $18.44, while a 200-day SMA reached $16.85. Nevertheless, trading volume fell to 0.53 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Hamilton Insurance Group Ltd (HG)
According to the 24-hour chart, there is a support level at 18.02, which, if violated, would cause prices to drop to 17.68. In the upper region, resistance lies at 18.88. The next price resistance is at 19.39. RSI (Relative Strength Index) is 43.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 85.99%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
