Short Interest in Hamilton Insurance Group, Ltd. (NYSE:HG) Increases By 5.6%

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

Hamilton Insurance Group Stock Performance

NYSE HG opened at $19.39 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $1.97 billion, a P/E ratio of 4.34 and a beta of 1.03. The stock has a 50-day moving average of $18.84 and a two-hundred day moving average of $18.32. Hamilton Insurance Group has a 1-year low of $12.44 and a 1-year high of $20.71.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $512.84 million during the quarter, compared to analysts’ expectations of $515.96 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, analysts anticipate that Hamilton Insurance Group will post 4.1 EPS for the current year.

Insider Activity

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the sale, the chief accounting officer now owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Hamilton Insurance Group

Several institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Hamilton Insurance Group by 176.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock worth $2,143,000 after buying an additional 70,732 shares during the period. Barclays PLC grew its holdings in Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock worth $1,114,000 after acquiring an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $525,000. Geode Capital Management LLC raised its holdings in shares of Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after purchasing an additional 274,483 shares in the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of Hamilton Insurance Group during the 2nd quarter worth $486,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HG. Wells Fargo & Company boosted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays decreased their price objective on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.20.

Hamilton Insurance Group Company Profile

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.