The Hartford Insurance Group (NYSE:HIG) Price Target Raised to $150.00

The Hartford Insurance Group (NYSE:HIG) had its target price increased by Royal Bank Of Canada from $145.00 to $150.00 in a report published on Monday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the insurance provider’s stock.

A number of other analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Piper Sandler reiterated a “neutral” rating and issued a $146.00 price objective (down from $148.00) on shares of The Hartford Insurance Group in a report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Mizuho raised their target price on The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Finally, Bank of America lifted their target price on The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.06.

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG opened at $145.68 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average price is $134.26 and its 200-day moving average price is $135.63. The firm has a market capitalization of $39.46 billion, a PE ratio of 9.42, a P/E/G ratio of 3.89 and a beta of 0.47. The Hartford Insurance Group has a 1 year low of $120.33 and a 1 year high of $145.81.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.26. The company had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The Hartford Insurance Group’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.41 EPS. As a group, equities research analysts expect that The Hartford Insurance Group will post 12.77 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 15.51%.

Insiders Place Their Bets

In related news, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the completion of the sale, the president owned 38,208 shares in the company, valued at approximately $5,163,047.04. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On The Hartford Insurance Group

Hedge funds have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC grew its stake in shares of The Hartford Insurance Group by 9.9% in the second quarter. Wedge Capital Management L L P NC now owns 259,897 shares of the insurance provider’s stock worth $34,442,000 after acquiring an additional 23,441 shares in the last quarter. Tema ETFs LLC increased its position in shares of The Hartford Insurance Group by 29.1% during the second quarter. Tema ETFs LLC now owns 5,733 shares of the insurance provider’s stock worth $760,000 after acquiring an additional 1,293 shares during the period. E. Ohman J or Asset Management AB raised its stake in shares of The Hartford Insurance Group by 41.8% in the second quarter. E. Ohman J or Asset Management AB now owns 13,401 shares of the insurance provider’s stock valued at $1,776,000 after acquiring an additional 3,950 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of The Hartford Insurance Group by 15.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,006 shares of the insurance provider’s stock valued at $266,000 after acquiring an additional 273 shares in the last quarter. Finally, Czech National Bank boosted its holdings in The Hartford Insurance Group by 2.7% in the second quarter. Czech National Bank now owns 78,028 shares of the insurance provider’s stock valued at $10,340,000 after purchasing an additional 2,071 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group News Roundup

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

• Positive Sentiment: DOWLING & PARTN projects 2028 earnings of $14.25 per share, indicating expectations for continued long-term earnings growth beyond the current-year consensus estimate of $12.73.
• Neutral Sentiment: The Hartford’s most recent quarterly results provided a favorable fundamental backdrop: earnings of $3.42 per share exceeded estimates of $3.16, while revenue rose 8.1% year over year to $7.26 billion. Net margin was 15% and return on equity was 21.66%.
• Negative Sentiment: DOWLING & PARTN lowered its FY2026 earnings forecast to $13.00 per share from $13.25, although the revised estimate remains above the $12.73 consensus.
• Negative Sentiment: Zacks Research downgraded HIG from “hold” to “strong sell,” a notably bearish change that could weigh on investor sentiment. Zacks.com
• Negative Sentiment: Wells Fargo issued a pessimistic forecast for The Hartford’s stock, adding to the recent analyst caution. Wells Fargo Issues Pessimistic Forecast for The Hartford Insurance Group
• Negative Sentiment: Keefe, Bruyette & Woods raised its price target modestly to $144 from $143 but maintained a “market perform” rating. The target remains below the current trading level, implying limited near-term upside.

The Hartford Insurance Group Company Profile

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.