Hamilton Insurance Group (NYSE:HG) Releases Quarterly Earnings Results, Misses Expectations By $0.44 EPS

Hamilton Insurance Group (NYSE:HG) posted its quarterly earnings results 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. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million.

Hamilton Insurance Group Stock Performance

Shares of HG traded up $1.28 on Thursday, reaching $19.69. The company’s stock had a trading volume of 273,954 shares, compared to its average volume of 408,565. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $2.00 billion, a P/E ratio of 4.40 and a beta of 1.02. The stock’s 50 day simple moving average is $18.86 and its two-hundred day simple moving average is $18.73. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $20.71.

Analyst Ratings Changes

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

About Hamilton Insurance Group

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.