The Hartford Insurance Group (NYSE:HIG) Coverage Initiated at Mizuho

Equities research analysts at Mizuho began coverage on shares of The Hartford Insurance Group (NYSE:HIG) in a report released on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $160.00 price target on the insurance provider’s stock. Mizuho’s price objective indicates a potential upside of 15.53% from the stock’s previous close.

HIG has been the topic of a number of other reports. Evercore ISI raised their price objective 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. Keefe, Bruyette & Woods increased their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. UBS Group lifted their price target on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Argus boosted their price objective on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada began coverage on shares of The Hartford Insurance Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from 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

NYSE:HIG opened at $138.50 on Tuesday. The company has a market cap of $38.59 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.28 and a beta of 0.63. The firm’s 50 day moving average is $130.64 and its two-hundred day moving average is $129.02. The Hartford Insurance Group has a fifty-two week low of $104.93 and a fifty-two week high of $139.92. 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 (NYSE:HIG) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.76. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 EPS. Analysts expect that The Hartford Insurance Group will post 11.11 EPS for the current year.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the business’s 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 owned 18,400 shares in the company, valued at $2,252,344. The trade was a 29.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Trading of The Hartford Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC grew its stake in The Hartford Insurance Group by 707.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of The Hartford Insurance Group during the 3rd quarter valued at approximately $26,000. Princeton Global Asset Management LLC purchased a new position in shares of The Hartford Insurance Group during the 3rd quarter valued at approximately $27,000. Private Wealth Management Group LLC grew its position in shares of The Hartford Insurance Group by 151.1% during the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after buying an additional 133 shares in the last quarter. Finally, United Financial Planning Group LLC bought a new stake in shares of The Hartford Insurance Group in the third quarter worth $29,000. 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.