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

Hamilton Insurance Group, Ltd. (NYSE:HG) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,310,000 shares, an increase of 10.1% from the October 31st total of 1,190,000 shares. Based on an average daily volume of 612,400 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.4% of the company’s shares are short sold.

Insider Transactions at Hamilton Insurance Group

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

Institutional Investors Weigh In On Hamilton Insurance Group

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after purchasing an additional 1,341 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Hamilton Insurance Group in the second quarter worth $34,000. Financial Management Professionals Inc. acquired a new stake in shares of Hamilton Insurance Group during the third quarter worth $34,000. Toronto Dominion Bank purchased a new stake in shares of Hamilton Insurance Group during the third quarter valued at $97,000. Finally, US Bancorp DE acquired a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at $107,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Down 0.6 %

NYSE:HG traded down $0.11 during midday trading on Monday, reaching $18.97. 317,945 shares of the stock traded hands, compared to its average volume of 429,236. The stock has a market capitalization of $1.92 billion and a PE ratio of 4.27. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $20.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The business has a 50-day moving average of $18.42 and a two-hundred day moving average of $17.72.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS 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 analyst estimates of $515.96 million. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities analysts forecast that Hamilton Insurance Group will post 4.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HG has been the topic of several research reports. JMP Securities raised their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Morgan Stanley downgraded shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price on the stock. in a research report on Monday, August 19th. Barclays assumed coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, 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 research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $21.43.

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.