Hamilton Insurance Group, Ltd. (NYSE:HG) Sees Large Increase in Short Interest

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Barclays dropped their target price on 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 equities research 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 Stock Performance

HG stock remained flat at $19.39 on Monday. The company had a trading volume of 523,069 shares, compared to its average volume of 366,030. 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 firm's 50-day moving average price is $18.84 and its two-hundred day moving average price is $18.32. The company has a market capitalization of $1.97 billion, a P/E ratio of 4.34 and a beta of 1.03. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $20.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results 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. The firm had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same quarter in the previous year, the company posted $0.41 EPS. On average, sell-side analysts predict that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HG. Wellington Management Group LLP increased its holdings in shares of Hamilton Insurance Group by 198.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock worth $71,859,000 after buying an additional 2,469,422 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hamilton Insurance Group by 538.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company's stock worth $16,677,000 after purchasing an additional 727,242 shares during the period. State Street Corp lifted its stake in shares of Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company's stock valued at $10,301,000 after purchasing an additional 304,371 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Hamilton Insurance Group during the 3rd quarter worth about $9,419,000. Finally, Geode Capital Management LLC increased its position in Hamilton Insurance Group by 136.5% during the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after purchasing an additional 274,483 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

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.