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

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

Hamilton Insurance Group Price Performance

Shares of HG remained flat at $19.39 during mid-day trading on Monday. 523,069 shares of the stock were exchanged, compared to its average volume of 366,030. The firm has a 50-day moving average of $18.81 and a two-hundred day moving average of $18.29. Hamilton Insurance Group has a 12 month low of $12.44 and a 12 month high of $20.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 4.34 and a beta of 1.03.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results 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 business had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. During the same period last year, the business earned $0.41 EPS. On average, equities research analysts expect that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its holdings in Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Hamilton Insurance Group in the third quarter valued at approximately $34,000. Toronto Dominion Bank bought a new stake in Hamilton Insurance Group during the 3rd quarter valued at $97,000. US Bancorp DE acquired a new stake in Hamilton Insurance Group in the third quarter worth about $107,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Hamilton Insurance Group in the third quarter valued at approximately $197,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HG shares. Barclays reduced their price target on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target 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.