UBS Group Cuts The Hartford Insurance Group (NYSE:HIG) Price Target to $149.00

The Hartford Insurance Group (NYSE:HIG) had its price target reduced by UBS Group from $155.00 to $149.00 in a report issued on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the insurance provider’s stock.

A number of other equities analysts have also commented on HIG. Royal Bank Of Canada lifted their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Barclays decreased their target price on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company cut their price target on The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $146.67.

The Hartford Insurance Group Price Performance

NYSE HIG opened at $129.28 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $135.02 and a 200 day simple moving average of $135.10. The company has a market cap of $35.02 billion, a P/E ratio of 8.36, a P/E/G ratio of 2.10 and a beta of 0.49. The Hartford Insurance Group has a 1 year low of $120.33 and a 1 year high of $146.07.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, topping the consensus estimate of $3.16 by $0.26. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.41 EPS. On average, sell-side analysts predict that The Hartford Insurance Group will post 12.76 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 1st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 15.51%.

Hedge Funds Weigh In On The Hartford Insurance Group

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of The Hartford Insurance Group in the 2nd quarter worth approximately $4,067,052,000. Dimensional Fund Advisors LP increased its position in shares of The Hartford Insurance Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock valued at $635,490,000 after purchasing an additional 72,448 shares during the period. Bank of America Corp DE raised its stake in shares of The Hartford Insurance Group by 2.1% in the first quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock valued at $518,150,000 after purchasing an additional 79,827 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of The Hartford Insurance Group by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 3,557,609 shares of the insurance provider’s stock valued at $490,239,000 after purchasing an additional 180,678 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in The Hartford Insurance Group by 5.8% in the first quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider’s stock worth $468,113,000 after purchasing an additional 189,916 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group News Roundup

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

• Positive Sentiment: Barclays initiated or reaffirmed a Buy rating on HIG, adding to the positive analyst sentiment surrounding the insurer. Hartford Insurance Receives a Buy from Barclays
• Positive Sentiment: Cantor Fitzgerald raised its HIG price target to $145 from $144 and maintained an Overweight rating, implying roughly 12% potential upside from the referenced price. The call reflects expectations for further share-price appreciation. Cantor Fitzgerald Issues Positive Forecast for The Hartford Insurance Group
• Positive Sentiment: Analysis of HIG’s capital recycling strategy highlights the possibility of value-enhancing capital deployment and stronger shareholder returns, which could support the stock’s valuation over time. Hartford Insurance: Watch Value-Enhancing Capital Recycling and Shareholder Returns
• Neutral Sentiment: Morgan Stanley kept a Hold rating on HIG, indicating that the firm sees a more balanced risk-reward profile rather than a clear catalyst for a significant move higher. Morgan Stanley Sticks to Its Hold Rating for Hartford Insurance
• Neutral Sentiment: HIG is preparing for a CEO transition in 2027. The planned leadership change may create uncertainty, although an orderly succession could limit disruption to the company’s strategy. The Hartford Insurance Group Prepares for a 2027 CEO Change
• Negative Sentiment: Mizuho lowered its price target to $144 from $154 and assigned a Neutral rating. Although the revised target still indicates potential upside, the reduction signals more limited expectations for HIG’s near-term performance. Mizuho Lowers The Hartford Insurance Group Price Target

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, commonly known as The Hartford, is an insurance and financial services company headquartered in Hartford, Connecticut. Founded in 1810, the company provides insurance products and related services to businesses, individuals and institutional customers primarily in the United States.

The Hartford’s main business includes commercial property and casualty insurance, workers’ compensation, liability coverage, commercial auto insurance and other products for businesses of various sizes.