The Hartford Insurance Group, Inc. (NYSE:HIG) Receives $138.00 Average PT from Analysts

The Hartford Insurance Group, Inc. (NYSE:HIG) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $138.00.

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on The Hartford Insurance Group from $138.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Barclays decreased their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $140.00 price objective (up from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. Morgan Stanley lifted their price objective on The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Citigroup started coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $138.00 price objective for the company.

Insider Transactions at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,340 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total value of $284,339.88. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Trading of The Hartford Insurance Group

A number of institutional investors have recently modified their holdings of the company. NorthRock Partners LLC lifted its holdings in shares of The Hartford Insurance Group by 2.6% in the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 80 shares in the last quarter. Wayfinding Financial LLC lifted its holdings in shares of The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 84 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of The Hartford Insurance Group by 3.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 85 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of The Hartford Insurance Group by 4.4% in the second quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider’s stock valued at $262,000 after purchasing an additional 86 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock worth $356,000 after acquiring an additional 88 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Down 0.5%

NYSE HIG opened at $132.52 on Monday. The stock has a fifty day moving average of $127.74 and a 200-day moving average of $124.58. The stock has a market capitalization of $37.26 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.72. The Hartford Insurance Group has a 52 week low of $104.93 and a 52 week high of $135.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating the consensus estimate of $2.83 by $0.58. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.50 EPS. On average, equities research analysts forecast that The Hartford Insurance Group will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.6%. The Hartford Insurance Group’s payout ratio is currently 18.86%.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.