The Hartford Insurance Group, Inc. (NYSE:HIG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The Hartford Insurance Group, Inc. (NYSE:HIG) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $137.6429.

Several research firms recently commented on HIG. Wells Fargo & Company upped 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. Morgan Stanley upped their target price on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods upped their target price on The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Citigroup began coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 target price for the company. Finally, UBS Group upped their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 4th.

Insider Activity at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,340 shares of the firm’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 transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hartford Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. NorthRock Partners LLC boosted its position 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 worth $395,000 after buying an additional 80 shares during the period. Wayfinding Financial LLC grew its stake in The Hartford Insurance Group by 3.0% during the 1st 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 grew its stake in The Hartford Insurance Group by 3.6% during the 2nd 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 grew its stake in The Hartford Insurance Group by 4.4% during the 2nd 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 grew its stake in The Hartford Insurance Group by 3.2% during the 1st quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock valued at $356,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Performance

NYSE HIG opened at $133.6470 on Thursday. The Hartford Insurance Group has a fifty-two week low of $104.93 and a fifty-two week high of $134.12. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. The business has a fifty day moving average of $125.32 and a 200-day moving average of $122.15. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 earnings per share. As a group, analysts predict that The Hartford Insurance Group will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is 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.