The Hartford Insurance Group, Inc. (NYSE:HIG) Receives $148.19 Consensus PT from Analysts

The Hartford Insurance Group, Inc. (NYSE:HIG) has been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $147.3125.

A number of research analysts recently issued reports on HIG shares. Cantor Fitzgerald decreased their target price on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group decreased their target price on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 27th. Bank of America lifted their target price on The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. Piper Sandler decreased their target price on The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Mizuho decreased their target price on The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, June 5th.

Insider Transactions at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total value of $1,201,981.35. Following the completion of the transaction, the president directly owned 38,208 shares in the company, valued at approximately $5,163,047.04. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

Institutional Trading of The Hartford Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HIG. First Pacific Financial acquired a new stake in The Hartford Insurance Group in the first quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in The Hartford Insurance Group in the third quarter valued at $26,000. United Financial Planning Group LLC acquired a new stake in The Hartford Insurance Group in the third quarter valued at $29,000. Phillip James Consulting Co. acquired a new stake in The Hartford Insurance Group in the first quarter valued at $29,000. Finally, Sunbelt Securities Inc. acquired a new stake in The Hartford Insurance Group in the third quarter valued at $29,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Up 0.8%

NYSE:HIG opened at $129.49 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $134.34 and its two-hundred day moving average is $135.67. The Hartford Insurance Group has a 52 week low of $119.61 and a 52 week high of $144.50. The stock has a market capitalization of $35.50 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 2.33 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The firm had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $2.20 earnings per share. Research analysts anticipate that The Hartford Insurance Group will post 13.02 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be issued a $0.60 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 16.87%.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.