The Hartford Insurance Group, Inc. (NYSE:HIG) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Hartford Insurance Group, Inc. (NYSE:HIG) has received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $140.0714.

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Saturday. Wells Fargo & Company raised their price objective on The Hartford Insurance Group from $139.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on The Hartford Insurance Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup initiated coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $138.00 target price on the stock. Finally, Wall Street Zen raised The Hartford Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd.

Insider Buying and Selling

In other The Hartford Insurance Group news, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. This represents a 31.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HIG. Golden State Wealth Management LLC boosted its position in The Hartford Insurance Group by 167.8% during the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 198 shares during the period. Sharp Financial Services LLC acquired a new position in The Hartford Insurance Group during the 1st quarter valued at approximately $260,000. Oppenheimer & Co. Inc. boosted its position in The Hartford Insurance Group by 86.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider’s stock valued at $533,000 after purchasing an additional 2,000 shares during the period. Concurrent Investment Advisors LLC acquired a new position in The Hartford Insurance Group during the 1st quarter valued at approximately $233,000. Finally, Aurora Investment Counsel acquired a new position in The Hartford Insurance Group during the 1st quarter valued at approximately $2,434,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $124.84 on Tuesday. The Hartford Insurance Group has a fifty-two week low of $104.93 and a fifty-two week high of $135.17. The business has a 50 day moving average price of $130.80 and a two-hundred day moving average price of $127.01. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The firm has a market cap of $35.10 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same quarter last year, the firm earned $2.53 EPS. The Hartford Insurance Group’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts expect that The Hartford Insurance Group will post 11.11 earnings per share for the current fiscal year.

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.