The Hartford Insurance Group (NYSE:HIG) Earns Buy (A-) Rating from Weiss Ratings

The Hartford Insurance Group (NYSE:HIGGet Free Report)‘s stock had its “buy (a-)” rating restated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently weighed in on HIG. Morgan Stanley boosted their price target on shares of The Hartford Insurance Group from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Cantor Fitzgerald initiated coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price target for the company. Citigroup initiated coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $140.00 price target (up from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.93.

View Our Latest Research Report on The Hartford Insurance Group

The Hartford Insurance Group Stock Performance

NYSE HIG opened at $132.97 on Wednesday. The Hartford Insurance Group has a 52-week low of $104.93 and a 52-week high of $135.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $37.39 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.29 and a beta of 0.69. The company has a fifty day moving average of $131.22 and a 200-day moving average of $126.21.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.58. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.50 earnings per share. As a group, equities research analysts predict that The Hartford Insurance Group will post 11.11 EPS for the current fiscal year.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer owned 77,574 shares in the company, valued at approximately $9,580,389. This represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hartford Insurance Group

Institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC grew its holdings in shares of The Hartford Insurance Group by 167.8% during the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider’s stock valued at $39,000 after buying an additional 198 shares during the last quarter. Sharp Financial Services LLC purchased a new stake in shares of The Hartford Insurance Group during the first quarter valued at approximately $260,000. Oppenheimer & Co. Inc. grew its holdings in shares of The Hartford Insurance Group by 86.7% during the first quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider’s stock valued at $533,000 after buying an additional 2,000 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in The Hartford Insurance Group during the first quarter valued at approximately $233,000. Finally, Aurora Investment Counsel bought a new position in The Hartford Insurance Group during the first quarter valued at approximately $2,434,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Company Profile

(Get Free Report)

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.

Featured Articles

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.