Hamilton Insurance stock hits all-time high of $20.72

Hamilton Insurance Group Ltd (HG) stock soared to an all-time high this week, reaching a price level of $20.72, with a market capitalization of $2.02 billion. According to InvestingPro analysis, the stock currently trades at an attractive P/E ratio of 5.3x, suggesting potential value for investors. The Bermuda-based insurer has seen a remarkable year, with its stock value climbing significantly. The company achieved impressive revenue growth of 48% and maintains a healthy current ratio of 2.37, demonstrating strong liquidity. The 1-year change data for Hamilton Insurance Group Ltd reflects a substantial increase of 42.19%, indicating a strong performance and investor confidence in the company’s growth prospects. Get access to 7 more exclusive InvestingPro Tips and comprehensive financial analysis for smarter investment decisions. This surge to record levels underscores the company’s robust financial health and the positive sentiment surrounding its strategic initiatives and market position, with InvestingPro’s Financial Health Score indicating an EXCELLENT rating.

In other recent news, Hamilton Insurance Group reported its Q4 2024 earnings, revealing a notable miss in expected earnings per share (EPS). The company’s actual EPS was $0.32, which was significantly below the forecasted $0.71. Despite this, the company saw a 55% increase in full-year net income compared to the previous year, highlighting strong financial performance overall. Additionally, Hamilton reported record underwriting income of $149 million and a return on average equity of 18.3%. Revenue for the year was reported at $543.94 million, far exceeding the forecast of $25.1 million. JMP Securities responded to Hamilton’s earnings by raising the stock price target to $27.00, while maintaining a Market Outperform rating. Hamilton’s gross written premiums increased by 25% for the quarter, with significant growth in the International and Bermuda/Reinsurance segments. The company also provided an initial estimate for first-quarter losses due to the LA wildfires, projecting a net impact of $120 million to $150 million, which JMP Securities viewed favorably.

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