The Hartford Insurance Group (NYSE:HIG) Earns Outperform Rating from Analysts at Mizuho

Equities research analysts at Mizuho assumed coverage on shares of The Hartford Insurance Group (NYSE:HIG) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $160.00 price target on the insurance provider’s stock. Mizuho’s target price would indicate a potential upside of 15.59% from the company’s current price.

Several other equities research analysts also recently weighed in on HIG. Evercore ISI upped their price target on The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Morgan Stanley upped their target price on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Keefe, Bruyette & Woods raised their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Royal Bank Of Canada assumed coverage on shares of The Hartford Insurance Group in a report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price target for the company. Finally, UBS Group raised their price objective on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.60.

The Hartford Insurance Group Stock Performance

Shares of HIG stock opened at $138.42 on Tuesday. The firm has a 50 day moving average of $130.44 and a two-hundred day moving average of $128.89. The stock has a market capitalization of $38.57 billion, a PE ratio of 11.31, a P/E/G ratio of 1.26 and a beta of 0.63. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group has a 52 week low of $104.93 and a 52 week high of $138.70.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.76. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, research analysts predict that The Hartford Insurance Group will post 11.11 EPS for the current fiscal year.

Insider Activity

In related news, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total value of $959,816.81. Following the transaction, the executive vice president directly owned 18,400 shares of the company’s stock, valued at $2,252,344. This trade represents a 29.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On The Hartford Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of The Hartford Insurance Group by 61.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 125,825 shares of the insurance provider’s stock worth $15,727,000 after buying an additional 47,919 shares during the last quarter. Capital Fund Management S.A. increased its holdings in The Hartford Insurance Group by 94.9% during the 2nd quarter. Capital Fund Management S.A. now owns 140,342 shares of the insurance provider’s stock valued at $17,805,000 after acquiring an additional 68,351 shares in the last quarter. New York State Common Retirement Fund raised its position in The Hartford Insurance Group by 12.0% during the second quarter. New York State Common Retirement Fund now owns 209,238 shares of the insurance provider’s stock worth $26,546,000 after acquiring an additional 22,500 shares during the last quarter. Geneos Wealth Management Inc. raised its position in The Hartford Insurance Group by 7.9% during the first quarter. Geneos Wealth Management Inc. now owns 6,001 shares of the insurance provider’s stock worth $743,000 after acquiring an additional 441 shares during the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in shares of The Hartford Insurance Group in the second quarter valued at about $324,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

About The Hartford Insurance Group

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.