Hamilton Insurance stock hits all-time high of $21.41

Hamilton Insurance Group Ltd (HG) stock soared to an all-time high, reaching a price level of $21.41, supported by a robust financial health score of GREAT according to InvestingPro analysis. This milestone underscores a period of robust performance for the company, reflecting investor confidence and a favorable market environment. Over the past year, Hamilton Insurance has witnessed a remarkable growth trajectory, with its stock value climbing by an impressive 61.17%. The company trades at an attractive P/E ratio of 5.3x and maintains strong liquidity with a current ratio of 2.37, while management has been actively buying back shares. This surge in stock price not only highlights the company’s strong financial health but also signals its potential for continued success in the competitive insurance sector. With a market capitalization of $2.1 billion, investors are closely monitoring Hamilton Insurance as it navigates through the evolving economic landscape, capitalizing on strategic opportunities for expansion and innovation. Discover 10 more exclusive insights and detailed valuation analysis in the comprehensive Pro Research Report, available on InvestingPro.

In other recent news, Hamilton Insurance Group reported its Q4 2024 earnings, revealing an EPS of $0.32, which fell short of the forecasted $0.71. Despite this miss, the company saw a 55% year-over-year increase in full-year net income. Revenue for the year reached $543.94 million, significantly surpassing the forecast of $25.1 million. Gross premiums written increased by 24% year-over-year to $2.4 billion, with record underwriting income of $149 million. Following the earnings report, JMP Securities raised its price target for Hamilton Insurance Group to $27, maintaining a Market Outperform rating, despite the EPS miss. The company’s book value was reported at $22.95 as of December 31. Keefe, Bruyette & Woods also updated its outlook on Hamilton Insurance, raising the price target to $25 while retaining an Outperform rating, citing a mixed revision of earnings projections. The adjustments reflect impacts from the California wildfires and a positive earnings forecast for the following year.

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