The Hartford Insurance Group, Inc. (NYSE:HIG – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $135.43 and traded as low as $132.18. The Hartford Insurance Group shares last traded at $133.7030, with a volume of 4,363,584 shares trading hands.
More The Hartford Insurance Group News
Here are the key news stories impacting The Hartford Insurance Group this week:
- Positive Sentiment: HIG reported third-quarter adjusted earnings of $3.50 per share, exceeding the $3.17 analyst consensus by 11.1%. Higher investment income and premium growth helped offset elevated catastrophe losses. HIG Q3 Earnings Beat on Investment Income and Premium Growth
- Positive Sentiment: The company raised its quarterly dividend approximately 12%, from $0.60 to $0.67 per share, or $2.68 annualized. The dividend is payable January 5, 2027, to shareholders of record December 1. Hartford signals Hartford Funds sale close as early as Dec. 1 while raising quarterly dividend
- Positive Sentiment: Hartford indicated that the sale of Hartford Funds could close as early as December 1. Closing the transaction may provide additional capital flexibility and sharpen the company’s focus on its core insurance operations. Hartford Funds sale update
- Neutral Sentiment: Third-quarter revenue increased 3.9% year over year to $7.22 billion, while net margin was 15% and return on equity was 21.66%. Analysts, however, had expected $7.37 billion in revenue. The Hartford Reports Strong Third Quarter 2026 Financial Results
- Negative Sentiment: Core earnings declined from $3.78 per share in the year-ago quarter, and catastrophe losses pressured results. The revenue miss and lower underlying earnings may explain why the stock has weakened despite the headline EPS beat.
- Negative Sentiment: Evercore ISI lowered its price target to $144 from $147, signaling somewhat reduced near-term upside expectations. Evercore ISI adjusts price target on Hartford
Analysts Set New Price Targets
HIG has been the subject of several research analyst reports. Truist Financial began coverage on shares of The Hartford Insurance Group in a research report on Monday, October 12th. They set a “hold” rating and a $137.00 price objective for the company. Royal Bank Of Canada raised their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods decreased their price target on The Hartford Insurance Group from $144.00 to $137.00 and set a “market perform” rating on the stock in a research note on Monday, October 12th. Wells Fargo & Company lowered their price target on The Hartford Insurance Group from $164.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, Cantor Fitzgerald boosted their price target on The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group presently has an average rating of “Hold” and an average target price of $145.25.
Read Our Latest Research Report on HIG
The Hartford Insurance Group Price Performance
The company has a fifty day moving average price of $133.35 and a two-hundred day moving average price of $135.43. The company has a market capitalization of $36.22 billion, a P/E ratio of 8.09 and a beta of 0.49.
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The insurance provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.33. The business had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.37 billion. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.78 EPS. As a group, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 12.88 earnings per share for the current year.
The Hartford Insurance Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.60. The Hartford Insurance Group’s payout ratio is presently 14.53%.
Hedge Funds Weigh In On The Hartford Insurance Group
Several large investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in shares of The Hartford Insurance Group in the 3rd quarter worth approximately $111,000. Generali Asset Management SPA SGR lifted its position in shares of The Hartford Insurance Group by 3.0% during the 3rd quarter. Generali Asset Management SPA SGR now owns 25,965 shares of the insurance provider’s stock valued at $3,177,000 after acquiring an additional 752 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of The Hartford Insurance Group by 2.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 132,677 shares of the insurance provider’s stock valued at $16,234,000 after acquiring an additional 3,486 shares during the period. Latitude Advisors LLC acquired a new position in shares of The Hartford Insurance Group during the 3rd quarter valued at $104,000. Finally, Investment Advisory Services Inc. TX ADV boosted its stake in The Hartford Insurance Group by 10.8% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 1,944 shares of the insurance provider’s stock worth $238,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.
About The Hartford Insurance Group
The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.
The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.
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