Hamilton Insurance Group (HG) Reports Q1: Everything You Need To Know Ahead Of Earnings

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Specialty insurance company Hamilton Insurance Group (NYSE: HG) will be reporting results this Thursday after the bell. Here’s what to look for.

Hamilton Insurance Group beat analysts’ revenue expectations last quarter, reporting revenues of $728.3 million, up 27.7% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.

Is Hamilton Insurance Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Hamilton Insurance Group’s revenue to decline 13.5% year on year, a reversal from the 16.7% increase it recorded in the same quarter last year.

Hamilton Insurance Group Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hamilton Insurance Group rarely misses Wall Street’s revenue estimates.

Looking at Hamilton Insurance Group’s peers in the insurance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. RenaissanceRe’s revenues decreased 36.8% year on year, missing analysts’ expectations by 21.4%, and Stewart Information Services reported revenues up 27.7%, topping estimates by 4.7%. Stewart Information Services traded up 3.9% following the results.

Read our full analysis of RenaissanceRe’s results here and Stewart Information Services’s results here.

There has been positive sentiment among investors in the insurance segment, with share prices up 7.1% on average over the last month. Hamilton Insurance Group is up 12.3% during the same time and is heading into earnings with an average analyst price target of $33 (compared to the current share price of $32.74).

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