The Hartford Insurance Group (NYSE:HIG) Now Covered by Royal Bank Of Canada

Equities researchers at Royal Bank Of Canada assumed coverage on shares of The Hartford Insurance Group (NYSE:HIG) in a report issued on Tuesday, MarketBeat.com reports. The firm set a “sector perform” rating and a $145.00 price target on the insurance provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 4.94% from the stock’s previous close.

Several other research firms have also recently weighed in on HIG. Wolfe Research initiated coverage on The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. UBS Group lifted their price target on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price objective on The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Morgan Stanley boosted their target price on The Hartford Insurance Group from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Finally, Piper Sandler increased their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.29.

The Hartford Insurance Group Trading Up 1.1%

NYSE HIG traded up $1.54 during mid-day trading on Tuesday, reaching $138.18. 157,484 shares of the stock were exchanged, compared to its average volume of 1,589,949. The stock has a market cap of $38.50 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.19 and a beta of 0.69. The Hartford Insurance Group has a one year low of $104.93 and a one year high of $138.64. The stock has a 50 day simple moving average of $129.76 and a 200-day simple moving average of $128.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the firm earned $2.53 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts anticipate that The Hartford Insurance Group will post 11.11 EPS for the current year.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the sale, the executive vice president directly owned 18,400 shares in the company, valued at $2,252,344. The trade was a 29.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of the firm’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On The Hartford Insurance Group

Several large investors have recently made changes to their positions in HIG. Cornerstone Planning Group LLC grew its stake in shares of The Hartford Insurance Group by 707.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 184 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of The Hartford Insurance Group during the 3rd quarter valued at about $26,000. Princeton Global Asset Management LLC purchased a new stake in The Hartford Insurance Group during the 3rd quarter valued at $27,000. Private Wealth Management Group LLC raised its position in The Hartford Insurance Group by 151.1% in the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 133 shares during the period. Finally, United Financial Planning Group LLC bought a new position in shares of The Hartford Insurance Group in the third quarter worth about $29,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

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.