Hamilton Insurance Group

HG · NYSE

$36.51+$0.47 (+1.30%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $36.04

HG analyst rating

BuyConsensus of 7 analysts over the last 12 months. 71% rate it a buy.

Strong buy0
Buy5
Hold2
Underperform0
Sell0

12-month price target · 11 analysts

Average $36.06 (−1.2% downside)

Low: $12.97
Now: $36.51
High: $44.10

Upgrades and downgrades

The latest rating actions, newest first

HG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 12, 2026	Maintains	Overweight	$41.00 → $40.00	60%
Morgan Stanley	Oct 6, 2026	Maintains	Equal-Weight	$37.00 → $35.00	49%
Morgan Stanley	Aug 19, 2026	Maintains	Equal-Weight	$34.00 → $37.00	49%
Keefe, Bruyette & Woods	Aug 12, 2026	Maintains	Outperform	$39.00 → $40.00	61%
Citizens	Aug 7, 2026	Maintains	Market Outperform	$40.00 → $42.00	72%
Citizens	Jul 10, 2026	Maintains	Market Outperform	$38.00 → $40.00	72%
Wells Fargo	Jul 9, 2026	Maintains	Overweight	$37.00 → $39.00	60%
Keefe, Bruyette & Woods	Jul 8, 2026	Maintains	Outperform	$34.00 → $39.00	61%
Barclays	Jul 7, 2026	Maintains	Overweight	$37.00 → $39.00	61%
Morgan Stanley	Jul 6, 2026	Maintains	Equal-Weight	$33.00 → $34.00	49%

The case for and against

Updated Oct 18, 2026

Bull case

Hamilton Insurance Group is underpinned by strong underwriting execution, with 2Q26 operating EPS of $1.56 beating estimates on a 53% ex-cat accident year loss ratio, 17% gross written premium growth, and a book value of $28.91 at June 30, up 5% sequentially. Its International and Bermuda platforms continue to benefit from favorable specialty and reinsurance pricing, strong casualty and specialty growth, and disciplined expense control at a 33% expense ratio. The company also has support from a strong balance sheet, an A.M. Best upgrade to “A,” and improving investor confidence as it establishes its public-company track record.

Bear case

Hamilton Insurance Group is viewed negatively because its 2Q26 International segment produced strong 22% GWP growth but still missed on underwriting profitability, with a 58% loss ratio versus 55% expected and 11.1 points of catastrophe losses tied to the Middle East conflict. The company also carries meaningful exposure to the Two Sigma Hamilton Fund, creating earnings volatility and possible forced asset sales, while a prolonged elevated-inflation environment could pressure reserves and trigger adverse actions. More broadly, Hamilton operates in a highly cyclical and competitive market, so if current pricing tailwinds fade, sector multiples and stock performance could deteriorate.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.