The Hartford Insurance Group (NYSE:HIG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of The Hartford Insurance Group (NYSE:HIG) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research analysts also recently commented on HIG. Barclays dropped their price objective on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. UBS Group boosted their target price on The Hartford Insurance Group from $142.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Wells Fargo & Company boosted their target price on The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods decreased their target price on The Hartford Insurance Group from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. boosted their target price on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.42.

The Hartford Insurance Group Trading Up 2.6%

NYSE HIG opened at $126.21 on Friday. The Hartford Insurance Group has a 12 month low of $103.96 and a 12 month high of $132.09. The company has a 50-day moving average of $125.00 and a 200-day moving average of $120.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $35.49 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.22 and a beta of 0.67.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter in the prior year, the company posted $2.50 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that The Hartford Insurance Group will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group’s dividend payout ratio is currently 18.86%.

Hedge Funds Weigh In On The Hartford Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in shares of The Hartford Insurance Group by 11.3% during the 1st quarter. Northern Trust Corp now owns 3,936,615 shares of the insurance provider’s stock valued at $487,077,000 after buying an additional 398,950 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of The Hartford Insurance Group by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,830,462 shares of the insurance provider’s stock valued at $419,053,000 after buying an additional 234,320 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of The Hartford Insurance Group by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider’s stock valued at $434,181,000 after buying an additional 60,116 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of The Hartford Insurance Group by 15.1% during the 4th quarter. First Trust Advisors LP now owns 2,683,531 shares of the insurance provider’s stock valued at $293,578,000 after buying an additional 352,282 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of The Hartford Insurance Group by 48.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider’s stock valued at $247,761,000 after buying an additional 735,170 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

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.