An analyst sees good growth prospects for Hamilton Insurance Group Ltd (HG)

With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.68 million shares. During the session, the Insurance – Reinsurance company that operates in wider Financial sector, reached to the highest price of $18.27 whereas the lowest price it dropped to was $17.685. The 52-week range on HG shows that it touched its highest point at $20.71 and its lowest point at $12.44 during that stretch. It currently has a 1-year price target of $23.00. Beta for the stock currently stands at 0.94.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HG was down-trending over the past week, with a drop of -2.21%, but this was down by -2.16% over a month. Three-month performance dropped to -5.07% while six-month performance rose 11.96%. The stock gained 21.07% in the past year, while it has gained 21.47% so far this year. A look at the trailing 12-month EPS for HG yields 4.62 with Next year EPS estimates of 3.70. For the next quarter, that number is 0.49. This implies an EPS growth rate of 53.51% for this year and -1.13% for next year.

Float and Shares Shorts:

At present, 56.04 million HG shares are outstanding with a float of 54.43 million shares on hand for trading. On 2024-10-31, short shares totaled 1.19 million, which was 117.0 higher than short shares on 1727654400. In addition to Ms. Giuseppina Carmela Albo as the firm’s CEO & Director, Ms. Gemma Elizabeth Carreiro serves as its Group General Counsel & Corporate Secretary.

Institutional Ownership:

Through their ownership of 0.65358 of HG’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HG since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HG analysts setting a high price target of 26.0 and a low target of 20.0, the average target price over the next 12 months is 23.0. Based on these targets, HG could surge 43.17% to reach the target high and rise by 10.13% to reach the target low. Reaching the average price target will result in a growth of 26.65% from current levels.

Analysts have provided yearly estimates in a range of $3.89797 being high and $3.78755 being low. For HG, this leads to a yearly average estimate of $3.84276. The surprise factor in the prior quarter was $0.72. Based on analyst estimates, the high estimate for the next quarter is $1.21 and the low estimate is $1.0. The average estimate for the next quarter is thus $1.13.