Analysts Issue Forecasts for HIG FY2028 Earnings

The Hartford Insurance Group, Inc. (NYSE:HIG) – Stock analysts at DOWLING & PARTN issued their FY2028 earnings per share (EPS) estimates for shares of The Hartford Insurance Group in a report released on Friday, July 24th. DOWLING & PARTN analyst D. Lukpanov expects that the insurance provider will post earnings per share of $14.25 for the year. The consensus estimate for The Hartford Insurance Group’s current full-year earnings is $12.69 per share.

Several other equities analysts also recently issued reports on HIG. Barclays cut their price objective on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. UBS Group dropped their target price on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Bank of America upped their price target on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company decreased their price target on shares of The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $149.00.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $140.06 on Tuesday. The Hartford Insurance Group has a fifty-two week low of $120.33 and a fifty-two week high of $144.50. The company has a market cap of $37.94 billion, a PE ratio of 9.05, a P/E/G ratio of 3.83 and a beta of 0.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50-day simple moving average of $133.90 and a two-hundred day simple moving average of $135.52.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results 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 Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The company had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same period in the prior year, the company posted $3.41 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be issued 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 1.7%. The Hartford Insurance Group’s payout ratio is 15.51%.

Insider Activity at The Hartford Insurance Group

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

Hedge Funds Weigh In On The Hartford Insurance Group

A number of institutional investors have recently bought and sold shares of the business. First Pacific Financial acquired a new stake in The Hartford Insurance Group during the 1st quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of The Hartford Insurance Group during the third quarter worth $26,000. Phillip James Consulting Co. purchased a new position in shares of The Hartford Insurance Group during the first quarter worth $29,000. Sunbelt Securities Inc. acquired a new position in The Hartford Insurance Group during the third quarter valued at $29,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in The Hartford Insurance Group during the fourth quarter valued at $36,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

About The Hartford Insurance Group

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.