The Hartford Insurance Group, Inc. (NYSE:HIG) Stock Has Consensus Target Price of $145.25 According to Brokerages

Shares of The Hartford Insurance Group, Inc. (NYSE:HIG) have received an average rating of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $145.25.

HIG has been the topic of a number of research reports. UBS Group dropped their price target on The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Zacks Research upgraded The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Keefe, Bruyette & Woods lowered their target price on shares of The Hartford Insurance Group from $144.00 to $137.00 and set a “market perform” rating on the stock in a research report on Monday, October 12th. Finally, Cantor Fitzgerald lifted their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th.

The Hartford Insurance Group Trading Up 1.7%

NYSE HIG opened at $135.07 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The firm’s fifty day moving average price is $133.66 and its 200 day moving average price is $134.98. The company has a market capitalization of $36.59 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.49. The Hartford Insurance Group has a 12 month low of $120.33 and a 12 month high of $146.07.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The company had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. The Hartford Insurance Group’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that The Hartford Insurance Group will post 12.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of The Hartford Insurance Group during the second quarter worth about $4,067,052,000. Dimensional Fund Advisors LP raised its stake in The Hartford Insurance Group by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock valued at $635,490,000 after acquiring an additional 72,448 shares during the last quarter. Bank of America Corp DE lifted its position in The Hartford Insurance Group by 2.1% during the 1st quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock worth $518,150,000 after acquiring an additional 79,827 shares during the period. First Trust Advisors LP grew its stake in shares of The Hartford Insurance Group by 5.8% in the 1st quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider’s stock valued at $468,113,000 after purchasing an additional 189,916 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of The Hartford Insurance Group in the 2nd quarter valued at approximately $346,877,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

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.