HG - Hamilton Insurance Group, Ltd.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$35.00
DETAILS
HIGH:
$39.00
LOW:
$33.00
MEDIAN:
$34.00
CONSENSUS:
$35.00
UPSIDE:
1.16%
AlphaVal
Deterministic, archetype-aware fair value
Banks, Insurers & Asset Managers
85% confidence
Primary model: P/Tangible Book × ROE Quality
Adjust Assumptions
23.3%
6.8%
Key Value Driver
ROTCE (23.3%) vs. cost of equity (6.8%)
Implied Market Multiple
1.39x
Plain-Language Summary
Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $35.00 from 9 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $86.49 per share.
Warnings
Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.
Wall Street's average price target is $35.00 (from 9 analysts). Our estimate is 184% above the consensus -- consider that gap carefully.
Key Risks
- Book value quality matters as much as level — check loan loss reserves
- Interest rate sensitivity creates non-linear earnings surprises
- Insurance reserving is actuarial, not financial — errors emerge slowly