Hamilton Insurance Group (NYSE:HG) Announces Earnings Results, Beats Expectations By $0.88 EPS

Hamilton Insurance Group (NYSE:HG) posted its earnings results on Thursday. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $0.90 by $0.88, FiscalAI reports. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The firm had revenue of $828.04 million for the quarter, compared to the consensus estimate of $693.46 million.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock traded down $0.30 during mid-day trading on Thursday, reaching $34.38. The company had a trading volume of 827,815 shares, compared to its average volume of 361,093. The company has a 50 day moving average of $34.87 and a 200-day moving average of $32.25. Hamilton Insurance Group has a 52 week low of $22.66 and a 52 week high of $37.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 5.62 and a beta of 0.36.

Insider Transactions at Hamilton Insurance Group

In related news, Director David A. Brown sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total value of $1,806,000.00. Following the sale, the director owned 400,000 shares of the company’s stock, valued at $14,448,000. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy Duffin sold 28,500 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total value of $984,105.00. Following the completion of the sale, the insider owned 223,459 shares in the company, valued at approximately $7,716,039.27. This represents a 11.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HG has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research lowered shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Citizens Jmp lifted their target price on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Morgan Stanley cut their target price on shares of Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.