Hamilton Insurance Group (NYSE:HG) Announces Quarterly Earnings Results, Beats Expectations By $0.96 EPS

Hamilton Insurance Group (NYSE:HG) issued its quarterly earnings results on Thursday. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96, FiscalAI reports. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%.The firm had revenue of $728.33 million during the quarter.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock traded down $1.25 during midday trading on Thursday, hitting $29.25. 1,134,879 shares of the company’s stock were exchanged, compared to its average volume of 571,982. The stock has a 50-day moving average price of $28.05 and a two-hundred day moving average price of $25.84. The company has a market cap of $2.88 billion, a P/E ratio of 6.96 and a beta of 0.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66. Hamilton Insurance Group has a 52-week low of $16.80 and a 52-week high of $31.67.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HG shares. Citizens Jmp set a $32.00 target price on Hamilton Insurance Group in a research note on Wednesday, November 5th. Morgan Stanley set a $28.00 target price on shares of Hamilton Insurance Group in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their price objective on Hamilton Insurance Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.57.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in Hamilton Insurance Group during the 4th quarter valued at approximately $25,000. Royal Bank of Canada boosted its holdings in shares of Hamilton Insurance Group by 15.8% in the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after buying an additional 410 shares during the last quarter. Strs Ohio bought a new position in Hamilton Insurance Group in the 1st quarter worth $112,000. Los Angeles Capital Management LLC purchased a new position in Hamilton Insurance Group during the fourth quarter valued at approximately $157,000. Finally, Tower Research Capital LLC TRC boosted its stake in Hamilton Insurance Group by 24.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock worth $123,000 after purchasing an additional 1,101 shares during the period. Hedge funds and other institutional investors own 29.17% of the company’s stock.

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.