The Hartford Insurance Group, Inc. (NYSE:HIG) Given Average Rating of “Moderate Buy” by Brokerages

The Hartford Insurance Group, Inc. (NYSE:HIGGet Free Report) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $147.9375.

HIG has been the topic of several analyst reports. Mizuho initiated coverage on The Hartford Insurance Group in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 price objective on the stock. Morgan Stanley boosted their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday. Argus upped their price target on The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald lifted their price objective on The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday. Finally, Evercore ISI boosted their target price on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research note on Wednesday, January 7th.

View Our Latest Stock Analysis on HIG

Insider Transactions at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,339 shares of The Hartford Insurance Group stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the transaction, the chief financial officer owned 77,574 shares in the company, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher Swift sold 201,938 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $136.41, for a total value of $27,546,362.58. Following the completion of the transaction, the chief executive officer directly owned 194,817 shares in the company, valued at $26,574,986.97. The trade was a 50.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On The Hartford Insurance Group

Several institutional investors have recently bought and sold shares of the business. JPL Wealth Management LLC bought a new stake in shares of The Hartford Insurance Group during the third quarter worth $26,000. Princeton Global Asset Management LLC bought a new position in shares of The Hartford Insurance Group in the third quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its position 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 worth $26,000 after buying an additional 184 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in The Hartford Insurance Group during the 3rd quarter worth about $29,000. Finally, United Financial Planning Group LLC bought a new stake in The Hartford Insurance Group during the 3rd quarter worth about $29,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Up 1.7%

Shares of HIG stock opened at $140.77 on Thursday. The firm has a fifty day moving average of $134.89 and a 200-day moving average of $131.52. The stock has a market cap of $39.23 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.07 and a beta of 0.61. The Hartford Insurance Group has a 52-week low of $107.49 and a 52-week high of $141.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last posted its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The business had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the firm posted $2.94 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that The Hartford Insurance Group will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group News Summary

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

The Hartford Insurance Group Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for The Hartford Insurance Group (NYSE:HIG)

Receive News & Ratings for The Hartford Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.