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

Hamilton Insurance Group, Ltd. (NYSE:HG) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 984,546 shares, a decline of 13.5% from the January 29th total of 1,138,458 shares. Based on an average daily trading volume, of 755,116 shares, the short-interest ratio is presently 1.3 days. Approximately 1.2% of the shares of the stock are short sold. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 755,116 shares, the short-interest ratio is presently 1.3 days.

Hamilton Insurance Group Trading Down 2.3%

Shares of HG stock traded down $0.72 during trading on Thursday, hitting $30.52. 620,203 shares of the stock traded hands, compared to its average volume of 605,449. The firm’s fifty day moving average price is $28.63 and its 200-day moving average price is $26.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $3.00 billion, a P/E ratio of 5.48 and a beta of 0.56. Hamilton Insurance Group has a 52-week low of $16.80 and a 52-week high of $32.21.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. As a group, research analysts forecast that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Hamilton Insurance Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 6th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, March 6th.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new position in Hamilton Insurance Group during the fourth quarter worth $25,000. Chesapeake Asset Management LLC raised its holdings in shares of Hamilton Insurance Group by 487.8% in the 4th quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after buying an additional 1,000 shares during the period. Versant Capital Management Inc lifted its stake in Hamilton Insurance Group by 1,404.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock worth $42,000 after acquiring an additional 1,587 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Hamilton Insurance Group by 112.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after acquiring an additional 937 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Hamilton Insurance Group in the 3rd quarter valued at about $71,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

HG has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Citigroup raised their price objective on Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Morgan Stanley set a $28.00 target price on shares of Hamilton Insurance Group in a report on Tuesday, December 16th. Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Barclays restated an “overweight” rating and set a $35.00 price target on shares of Hamilton Insurance Group in a research report on Friday, February 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.29.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.