Short Interest in Hamilton Insurance Group, Ltd. (NYSE:HG) Increases By 7.5%

Hamilton Insurance Group, Ltd. (NYSE:HG) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 437,800 shares, an increase of 7.5% from the June 30th total of 407,400 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 361,700 shares, the days-to-cover ratio is currently 1.2 days.

Insider Activity at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 22,000 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total transaction of $367,400.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,957 shares in the company, valued at $316,581.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hamilton Insurance Group news, Director Alan Neil Patterson acquired 21,135 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of $16.66 per share, with a total value of $352,109.10. Following the completion of the acquisition, the director now owns 21,135 shares in the company, valued at $352,109.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian John Deegan sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $16.70, for a total value of $367,400.00. Following the completion of the sale, the chief accounting officer now directly owns 18,957 shares in the company, valued at $316,581.90. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth about $462,000. Gillson Capital LP acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at about $1,314,000. Weiss Asset Management LP acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at about $748,000. BNP Paribas Financial Markets acquired a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at about $1,473,000. Finally, Sei Investments Co. boosted its position in shares of Hamilton Insurance Group by 25.3% in the 1st quarter. Sei Investments Co. now owns 204,185 shares of the company’s stock valued at $2,844,000 after purchasing an additional 41,256 shares during the period. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Down 3.9 %

HG traded down $0.68 on Thursday, hitting $16.75. 286,674 shares of the company were exchanged, compared to its average volume of 319,240. Hamilton Insurance Group has a twelve month low of $12.44 and a twelve month high of $18.07. The company has a market cap of $1.86 billion and a price-to-earnings ratio of 5.19. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $16.59 and a two-hundred day moving average price of $15.15.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, May 8th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.08 by $0.30. Hamilton Insurance Group had a return on equity of 18.53% and a net margin of 19.11%. The firm had revenue of $658.65 million during the quarter, compared to analysts’ expectations of $464.96 million. On average, equities analysts predict that Hamilton Insurance Group will post 3.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HG. Morgan Stanley lowered their price target on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.00 price target (up from $20.00) on shares of Hamilton Insurance Group in a research note on Thursday, May 16th. JMP Securities lifted their price target on Hamilton Insurance Group from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $20.00.

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.