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

Key Points

• Hamilton Insurance Group significantly beat quarterly expectations: EPS was $1.78 versus the $0.90 consensus estimate, while revenue reached $828.04 million compared with forecasts of $693.46 million.
• Shares fell 0.9% to $34.38 despite the earnings beat. The company reported a 19.56% net margin and 22.60% return on equity, with a market capitalization of approximately $3.39 billion.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $36.00; however, two insiders recently sold shares, reducing their individual holdings by roughly 11%.

Hamilton Insurance Group (NYSE:HG - Get Free Report) released its earnings results on Thursday. The company reported $1.78 EPS for the quarter, beating 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 business had revenue of $828.04 million during the quarter, compared to analyst estimates of $693.46 million.

Hamilton Insurance Group Stock Down 0.9%

Shares of NYSE HG 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 stock has a fifty day moving average of $34.87 and a two-hundred day moving average of $32.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 5.62 and a beta of 0.36. Hamilton Insurance Group has a 12-month low of $22.66 and a 12-month high of $37.31.

Insider Activity at Hamilton Insurance Group

In other news, insider Timothy Duffin sold 28,500 shares of the company's stock in a transaction 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 transaction, the insider directly owned 223,459 shares of the company's stock, valued at approximately $7,716,039.27. This represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction on 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 directly owned 400,000 shares of the company's stock, valued at approximately $14,448,000. The trade was a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HG. Citigroup reiterated a "neutral" rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Citizens Jmp upped their price objective on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a "market outperform" rating in a research note on Friday, August 7th. Barclays raised their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Tuesday, July 7th. Wall Street Zen cut shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company dropped their target price on shares of Hamilton Insurance Group from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.

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