Hamilton Insurance Group (NYSE:HG) Posts Earnings Results, Misses Estimates By $0.44 EPS

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

Hamilton Insurance Group Stock Up 1.1 %

HG stock traded up $0.21 during trading on Friday, hitting $19.57. 861,256 shares of the company's stock traded hands, compared to its average volume of 430,132. The firm has a market capitalization of $1.98 billion, a P/E ratio of 4.38 and a beta of 1.02. Hamilton Insurance Group has a 1 year low of $12.44 and a 1 year high of $20.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $18.88 and a two-hundred day simple moving average of $18.76.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hamilton Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $22.80.

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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.