We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Hamilton Insurance (HG) Outpaced the Stock Market Today
Read MoreHide Full Article
Hamilton Insurance (HG - Free Report) ended the recent trading session at $24.64, demonstrating a +1.19% change from the preceding day's closing price. This change outpaced the S&P 500's 0.59% gain on the day. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq increased by 0.44%.
The provider of insurance and reinsurance services's stock has climbed by 1.63% in the past month, falling short of the Finance sector's gain of 1.64% and the S&P 500's gain of 2.72%.
The investment community will be paying close attention to the earnings performance of Hamilton Insurance in its upcoming release. On that day, Hamilton Insurance is projected to report earnings of $0.51 per share, which would represent a year-over-year decline of 31.08%. At the same time, our most recent consensus estimate is projecting a revenue of $612.29 million, reflecting a 19.39% rise from the equivalent quarter last year.
HG's full-year Zacks Consensus Estimates are calling for earnings of $0 per share and revenue of $2.76 billion. These results would represent year-over-year changes of 0% and +18.28%, respectively.
Investors should also note any recent changes to analyst estimates for Hamilton Insurance. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Hamilton Insurance is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Hamilton Insurance is currently being traded at a Forward P/E ratio of 7.71. This indicates a discount in contrast to its industry's Forward P/E of 9.86.
The Insurance - Multi line industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 89, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why Hamilton Insurance (HG) Outpaced the Stock Market Today
Hamilton Insurance (HG - Free Report) ended the recent trading session at $24.64, demonstrating a +1.19% change from the preceding day's closing price. This change outpaced the S&P 500's 0.59% gain on the day. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq increased by 0.44%.
The provider of insurance and reinsurance services's stock has climbed by 1.63% in the past month, falling short of the Finance sector's gain of 1.64% and the S&P 500's gain of 2.72%.
The investment community will be paying close attention to the earnings performance of Hamilton Insurance in its upcoming release. On that day, Hamilton Insurance is projected to report earnings of $0.51 per share, which would represent a year-over-year decline of 31.08%. At the same time, our most recent consensus estimate is projecting a revenue of $612.29 million, reflecting a 19.39% rise from the equivalent quarter last year.
HG's full-year Zacks Consensus Estimates are calling for earnings of $0 per share and revenue of $2.76 billion. These results would represent year-over-year changes of 0% and +18.28%, respectively.
Investors should also note any recent changes to analyst estimates for Hamilton Insurance. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Hamilton Insurance is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Hamilton Insurance is currently being traded at a Forward P/E ratio of 7.71. This indicates a discount in contrast to its industry's Forward P/E of 9.86.
The Insurance - Multi line industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 89, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.