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

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

Hamilton Insurance Group Stock Up 1.5 %

Shares of NYSE HG traded up $0.29 during trading on Friday, reaching $19.65. The company had a trading volume of 57,012 shares, compared to its average volume of 409,040. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $20.71. The stock has a market cap of $1.99 billion, a PE ratio of 4.39 and a beta of 1.02. The business’s 50-day moving average is $18.87 and its 200 day moving average is $18.73. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

Separately, Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.