Hamilton Insurance Group, Ltd. (NYSE:HG) Short Interest Down 13.5% in February

Hamilton Insurance Group, Ltd. (NYSE:HG) was the target of a large decline in short interest in 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 volume of 755,116 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 755,116 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

HG has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Citigroup upped their price objective on Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley set a $28.00 price objective on Hamilton Insurance Group in a research report on Tuesday, December 16th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.29.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock traded up $0.14 during mid-day trading on Wednesday, reaching $31.24. 157,412 shares of the company traded hands, compared to its average volume of 583,309. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. Hamilton Insurance Group has a fifty-two week low of $16.80 and a fifty-two week high of $32.21. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 5.61 and a beta of 0.56. The firm’s fifty day moving average is $28.57 and its two-hundred day moving average is $26.38.

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

Hamilton Insurance Group Dividend Announcement

The company also recently disclosed 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 is Friday, March 6th.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. lifted its position in Hamilton Insurance Group by 30.5% during the third quarter. Federated Hermes Inc. now owns 587,951 shares of the company’s stock valued at $14,581,000 after purchasing an additional 137,501 shares during the period. Inspire Investing LLC purchased a new position in shares of Hamilton Insurance Group during the 3rd quarter valued at about $1,082,000. Great Lakes Advisors LLC purchased a new position in shares of Hamilton Insurance Group during the 3rd quarter valued at about $2,222,000. Seizert Capital Partners LLC acquired a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at about $2,106,000. Finally, American Century Companies Inc. boosted its stake in shares of Hamilton Insurance Group by 15.7% in the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock worth $47,879,000 after buying an additional 301,334 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

About Hamilton Insurance Group

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.