Hamilton Insurance launched its initial public offering on Nov. 10 last year and fell to a post-IPO low at 12.44 on April 10 this year. From there it skyrocketed, hitting a 20.71 high on Sept. 25, up 66% in five months. Analysts give Hamilton Insurance high marks. Partly that's due to its amazing growth.
Quarterly earnings growth ranged from 132% to 313% over its inaugural year. Sales for the hot insurance company kept pace. Revenue growth ranged from 32% to 104% during that period. Hamilton will report third quarter results on Thursday. According to FactSet, analyst consensus is for a 69% jump in EPS on a 36% rise in revenue.
On Tuesday, the IBD Relative Strength (RS) Rating for Hamilton rose to 77, up from 68 a day earlier. The 77 RS Rating shows that Hamilton Insurance topped 77% of all stocks regardless of industry over the past year.
Hamilton Insurance Ratings Shine
Among other ratings, Bermuda-based Hamilton Insurance has an 83 EPS Rating, putting it in the top 17% of stocks for recent and long-term profit growth. It has a terrific 92 Composite Rating and a B- Accumulation/Distribution Rating on an A+ to E scale, showing that big funds are buying more of its shares than selling.
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Hamilton Insurance traded at about 17.70 Tuesday afternoon, up 1.3% for the day.
Hamilton offers a diverse variety of types of insurance and reinsurance products worldwide. It says on its website it will announce third quarter earnings the morning of Nov. 7.
Among Top 5 In Industry
Hamilton Insurance holds the No. 4 rank among its peers in the Insurance-Diversified industry group. Jackson Financial is the No. 1-ranked stock in the group.
IBD's proprietary Relative Strength Rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database. The stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their largest runs. See if Hamilton Insurance can continue to rebound and clear that threshold.
Please follow James DeTar on X, formerly known as Twitter, @JimDeTar
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