Hamilton Insurance Group, Ltd. (NYSE:HG) Short Interest Update

Hamilton Insurance Group, Ltd. (NYSE:HG) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,330,000 shares, an increase of 5.6% from the December 31st total of 1,260,000 shares. Based on an average daily volume of 413,400 shares, the short-interest ratio is presently 3.2 days. Approximately 2.4% of the shares of the stock are sold short.

Insider Activity

In related news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the transaction, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at $399,404.32. This represents a 45.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in shares of Hamilton Insurance Group in the 2nd quarter valued at $214,000. SG Americas Securities LLC boosted its position in Hamilton Insurance Group by 61.4% during the third quarter. SG Americas Securities LLC now owns 28,607 shares of the company’s stock valued at $553,000 after acquiring an additional 10,885 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Hamilton Insurance Group by 527.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 80,375 shares of the company’s stock worth $1,554,000 after acquiring an additional 67,560 shares during the period. Financial Management Professionals Inc. acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth about $34,000. Finally, US Bancorp DE bought a new position in shares of Hamilton Insurance Group in the 3rd quarter worth about $107,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

HG stock opened at $18.55 on Wednesday. The company has a market capitalization of $1.88 billion, a P/E ratio of 4.15 and a beta of 1.02. The company has a fifty day moving average price of $19.02 and a 200-day moving average price of $18.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. Hamilton Insurance Group has a 52-week low of $12.44 and a 52-week high of $20.71.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same period last year, the company earned $0.41 EPS. As a group, equities analysts expect that Hamilton Insurance Group will post 4.1 EPS for the current year.

Analysts Set New Price Targets

HG has been the subject of several research analyst reports. Barclays lowered their price target on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company upped their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.20.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.