Citigroup Issues Positive Forecast for The Hartford Insurance Group (NYSE:HIG) Stock Price

The Hartford Insurance Group (NYSE:HIGFree Report) had its price objective increased by Citigroup from $138.00 to $143.00 in a research report report published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the insurance provider’s stock.

Several other research firms have also recently weighed in on HIG. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. 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. Mizuho initiated coverage on The Hartford Insurance Group in a report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on The Hartford Insurance Group from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Cantor Fitzgerald increased their target price on The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.94.

Get Our Latest Stock Report on HIG

The Hartford Insurance Group Trading Up 1.7%

Shares of NYSE:HIG opened at $140.77 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.32. The Hartford Insurance Group has a 1 year low of $107.49 and a 1 year high of $141.53. The company has a market cap of $39.23 billion, a P/E ratio of 10.55, a PEG ratio of 1.07 and a beta of 0.61. The stock’s fifty day moving average price is $134.89 and its 200-day moving average price is $131.52.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in The Hartford Insurance Group by 707.7% during the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 184 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of The Hartford Insurance Group during the third quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new stake in shares of The Hartford Insurance Group during the third quarter worth about $27,000. Private Wealth Management Group LLC raised its stake in The Hartford Insurance Group by 151.1% during the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 133 shares during the period. Finally, United Financial Planning Group LLC purchased a new position in The Hartford Insurance Group in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Key Stories Impacting The Hartford Insurance Group

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

About The Hartford Insurance Group

(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.

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