Hamilton Insurance: Barclays Raises PT to $25, Maintains Overweight Rating

Hamilton Insurance: Barclays Raises PT to $25, Maintains Overweight Rating

Barclays has raised its price target for Hamilton Insurance to $25, while maintaining its Overweight rating. The financial institution cited significant growth potential, expected improvements in return on equity, and a favorable view of the small commercial segment within the excess and surplus lines market as key factors supporting its positive outlook [1].

Barclays expects Hamilton's gross written premium growth to reach 28% in 2025 and 30% in 2026, with net written premium growth approaching 45%. The firm anticipates Hamilton's return on equity to improve from 13.4% in 2024 to nearly 17% by 2027 as scale benefits enhance underwriting margins [1].

Hamilton Insurance recently made a notable entrance on the New York Stock Exchange, with its shares opening at $23.65 after an initial public offering priced at $17.00 per share. The underwriters, led by J.P. Morgan and Barclays, have a 30-day option to purchase up to an additional 1,000,000 shares at the IPO price [1].

In related developments, JPMorgan initiated coverage on Hamilton Specialty Insurance with an Overweight rating, setting a price target of $26.00 for December 2026. The investment bank cited Hamilton’s strong growth trajectory in the specialty insurance sector and its technology-driven platform as key differentiators [1].

References:
[1] https://www.investing.com/news/analyst-ratings/barclays-initiates-coverage-on-ategrity-specialty-insurance-stock-with-overweight-rating-93CH-4124413