Hamilton Insurance Group Ltd. (HG): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Hamilton to Report First Quarter 2024 Financial Results on May 8, 2024.

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Stocks Info

This NYSE-listed company operates within the Insurance – Reinsurance industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $13.93 and fluctuated between $14.01 as its day high and $13.73 as its day low. The current market capitalization of Hamilton Insurance Group Ltd. is $1.54B. A total of 0.53 million shares were traded on the day, compared to an average of 252.49K shares.

In the most recent transaction, Gauthier John J bought 10,000 shares of HG for 15.41 per share on Dec 11 ’23. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on Nov 22 ’23, Freda William C sold 5,099 shares at 15.00 per share. HG shares that Director owns now total 214,994.

Among the insiders who sold shares, Bernhard Keith Donald disposed of 2,610 shares on Nov 22 ’23 at a per-share price of $15.00. This resulted in the Group Chief Audit Officer holding 67,134 shares of HG after the transaction. In another insider transaction, Richards Doreen Pauline Elizab sold 2,015 shares at $15.00 per share on Nov 22 ’23. Company shares held by the Director now total 110,546.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, HG has a high of $16.35 and a low of $12.60.

As of this writing, HG has an earnings estimate of $1 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.31 per share and a lower estimate of $0.8. The company reported an EPS of $0.41 in the last quarter, which was -18.00% lower than expectations of $0.5.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HG’s latest balance sheet shows that the firm has $797.79M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $18.58, while its Total Shareholder’s Equity was $1.79B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HG is Buy with a score of 4.60.

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