The Hartford Insurance Group (NYSE:HIG) Reaches New 52-Week High Following Analyst Upgrade

The Hartford Insurance Group, Inc. (NYSE:HIGGet Free Report) shares reached a new 52-week high on Wednesday after Citigroup raised their price target on the stock from $138.00 to $143.00. Citigroup currently has a neutral rating on the stock. The Hartford Insurance Group traded as high as $140.70 and last traded at $140.2880, with a volume of 66602 shares traded. The stock had previously closed at $138.44.

HIG has been the topic of several other research reports. Piper Sandler upped their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Morgan Stanley increased their price objective on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wall Street Zen cut shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Mizuho assumed coverage on shares of The Hartford Insurance Group in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 price target on the stock. Finally, UBS Group lifted their price objective on The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.94.

Read Our Latest Research Report on The Hartford Insurance Group

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $136.41, for a total value of $27,546,362.58. Following the sale, the chief executive officer directly owned 194,817 shares of the company’s stock, valued at approximately $26,574,986.97. This trade represents a 50.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $10,595,056.92. This represents a 31.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.50% of the company’s stock.

Trending Headlines about The Hartford Insurance Group

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

Hedge Funds Weigh In On The Hartford Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC boosted its holdings in shares of The Hartford Insurance Group by 1,905.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 10,250 shares of the insurance provider’s stock valued at $1,412,000 after purchasing an additional 9,739 shares during the last quarter. World Investment Advisors increased its holdings in shares of The Hartford Insurance Group by 59.4% during the 4th quarter. World Investment Advisors now owns 6,304 shares of the insurance provider’s stock worth $808,000 after buying an additional 2,349 shares during the last quarter. Bailard Inc. raised its position in shares of The Hartford Insurance Group by 6.5% in the 4th quarter. Bailard Inc. now owns 23,057 shares of the insurance provider’s stock worth $3,177,000 after buying an additional 1,410 shares during the period. AG2R LA Mondiale Gestion D Actifs boosted its holdings in The Hartford Insurance Group by 0.8% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 11,939 shares of the insurance provider’s stock valued at $1,645,000 after acquiring an additional 89 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in The Hartford Insurance Group by 27.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,275 shares of the insurance provider’s stock valued at $313,000 after acquiring an additional 491 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Performance

The stock has a market cap of $39.23 billion, a PE ratio of 10.55, a P/E/G ratio of 1.07 and a beta of 0.61. 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 stock has a 50-day simple moving average of $134.89 and a 200-day simple moving average of $131.52.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the company posted $2.94 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Equities analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

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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