Hamilton Insurance Group (NYSE:HG) Issues Quarterly Earnings Results

Hamilton Insurance Group (NYSE:HG) released its quarterly earnings data on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44), Zacks reports. The company had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%.

Hamilton Insurance Group Price Performance

HG stock traded up $1.28 during midday trading on Thursday, reaching $19.69. The stock had a trading volume of 273,954 shares, compared to its average volume of 408,565. Hamilton Insurance Group has a 52-week low of $12.44 and a 52-week high of $20.71. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 4.40 and a beta of 1.02. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $18.86 and its 200 day simple moving average is $18.73.

Wall Street Analyst Weigh In

Separately, Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $22.40.

Hamilton Insurance Group Company Profile

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.