The Hartford Insurance Group (NYSE:HIG) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

The Hartford Insurance Group (NYSE:HIG) had its target price decreased by Keefe, Bruyette & Woods from $144.00 to $137.00 in a research note published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider’s stock.

HIG has been the topic of a number of other research reports. Cantor Fitzgerald lifted their price objective on The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Royal Bank Of Canada increased their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Piper Sandler reissued a “neutral” rating and issued a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $145.25.

The Hartford Insurance Group Trading Up 0.5%

Shares of HIG stock opened at $131.86 on Monday. The Hartford Insurance Group has a 12-month low of $120.33 and a 12-month high of $146.07. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $134.06 and its 200-day moving average price is $134.98. The stock has a market capitalization of $35.72 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.49.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.26. The company had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.41 earnings per share. Equities research analysts predict that The Hartford Insurance Group will post 12.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HIG. BlackRock Inc. purchased a new position in The Hartford Insurance Group during the second quarter worth $4,067,052,000. Bank of America Corp DE bought a new position in The Hartford Insurance Group during the second quarter valued at $350,777,000. Legal & General Group Plc bought a new position in The Hartford Insurance Group during the second quarter valued at $346,877,000. Bank of New York Mellon Corp purchased a new stake in shares of The Hartford Insurance Group in the second quarter valued at $337,907,000. Finally, Deutsche Bank AG purchased a new stake in shares of The Hartford Insurance Group in the second quarter valued at $145,575,000. Institutional investors own 93.42% of the company’s stock.

More The Hartford Insurance Group News

Here are the key news stories impacting The Hartford Insurance Group this week:

• Positive Sentiment: Employee benefits acquisition expands growth platform: HIG completed its acquisition of Equitable’s Employee Benefits business, adding approximately $500 million in premiums, broadening its product portfolio and enhancing digital capabilities. The deal could strengthen HIG’s benefits business and diversify its revenue base. The Hartford Closes Acquisition Of Equitable’s Employee Benefits Business
• Positive Sentiment: Wells Fargo maintains a Buy rating: Continued bullish coverage from Wells Fargo signals that at least one major analyst sees further upside in HIG, potentially helping offset more cautious views elsewhere. Wells Fargo Remains a Buy on Hartford Insurance
• Positive Sentiment: Analyst target remains above the current share price: Analysts cited by American Banking News have an average target price of $145.25, suggesting potential upside based on consensus expectations. The Hartford Insurance Group Stock Has Average Target Price of $145.25
• Neutral Sentiment: Leadership changes announced: HIG named a new chief risk officer and announced broader management changes. The appointments may improve risk oversight, but investors are likely to monitor execution and continuity under the revised leadership team. Hartford Announces Leadership Changes, Names New Chief Risk Officer
• Negative Sentiment: Mixed analyst signals limit enthusiasm: Truist Securities initiated coverage with a Hold rating, while Keefe, Bruyette & Woods lowered its expectations for HIG’s stock price. These cautious calls could cap near-term gains despite the acquisition and Wells Fargo’s Buy rating. Truist Securities Initiates Coverage at Hold Keefe, Bruyette & Woods Lowers Expectations

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, commonly known as The Hartford, is an insurance and financial services company headquartered in Hartford, Connecticut. Founded in 1810, the company provides insurance products and related services to businesses, individuals and institutional customers primarily in the United States.

The Hartford’s main business includes commercial property and casualty insurance, workers’ compensation, liability coverage, commercial auto insurance and other products for businesses of various sizes.