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

The Hartford Insurance Group, Inc. (NYSE:HIGGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $147.9375.

Several analysts recently issued reports on HIG shares. Royal Bank Of Canada assumed coverage on shares of The Hartford Insurance Group in a report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price objective for the company. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, January 29th. Evercore ISI raised their price target on The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Citigroup boosted their price objective on The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Roth Mkm increased their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th.

Get Our Latest Analysis on HIG

Insider Activity at The Hartford Insurance Group

In other news, CEO Christopher Swift sold 201,938 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total value of $27,546,362.58. Following the sale, the chief executive officer owned 194,817 shares in the company, valued at approximately $26,574,986.97. This trade represents a 50.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $10,595,056.92. This trade represents a 31.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hartford Insurance Group

Several hedge funds have recently made changes to their positions in the stock. Signal Advisors Wealth LLC increased its stake in The Hartford Insurance Group by 4.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 75 shares during the period. Armstrong Advisory Group Inc. grew its holdings in shares of The Hartford Insurance Group by 5.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,459 shares of the insurance provider’s stock worth $195,000 after purchasing an additional 80 shares in the last quarter. Mather Group LLC. grew its holdings in shares of The Hartford Insurance Group by 4.5% during the 3rd quarter. Mather Group LLC. now owns 1,929 shares of the insurance provider’s stock worth $257,000 after purchasing an additional 83 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of The Hartford Insurance Group by 3.6% during the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 85 shares during the period. Finally, Monument Capital Management raised its stake in shares of The Hartford Insurance Group by 0.4% in the third quarter. Monument Capital Management now owns 24,314 shares of the insurance provider’s stock valued at $3,243,000 after purchasing an additional 85 shares in the last quarter. 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:

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG opened at $140.77 on Thursday. The business’s 50-day simple moving average is $134.89 and its 200-day simple moving average is $131.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The Hartford Insurance Group has a 52 week low of $107.49 and a 52 week high of $141.53. The firm has a market cap of $39.23 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.07 and a beta of 0.61.

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

The Hartford Insurance Group Company Profile

(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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Analyst Recommendations for The Hartford Insurance Group (NYSE:HIG)

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