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

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) saw a large increase in short interest in 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. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 413,400 shares, the days-to-cover ratio is presently 3.2 days.

Hamilton Insurance Group Trading Up 1.1 %

HG traded up $0.20 on Thursday, reaching $18.94. 193,601 shares of the company traded hands, compared to its average volume of 433,117. The company has a market cap of $1.92 billion, a P/E ratio of 4.24 and a beta of 1.02. The firm has a fifty day simple moving average of $19.00 and a two-hundred day simple moving average of $18.53. Hamilton Insurance Group has a one year low of $12.44 and a one year high of $20.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

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

Wall Street Analyst Weigh In

HG has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Barclays dropped their price target on Hamilton Insurance Group from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.20.

Insider Buying and Selling

In other news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 20,824 shares of the company's stock, valued at $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

Several institutional investors have recently bought and sold shares of the business. Quarry LP lifted its position in Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company's stock valued at $32,000 after acquiring an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Hamilton Insurance Group during the 3rd quarter valued at $34,000. Spire Wealth Management acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter worth $38,000. Bfsg LLC purchased a new position in Hamilton Insurance Group during the 4th quarter worth $77,000. Finally, Toronto Dominion Bank acquired a new position in Hamilton Insurance Group during the 3rd quarter valued at about $97,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

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.