The Hartford Insurance Group, Inc. (HIG) – What Are Researchers Saying About This Stock?

The Hartford Insurance Group, Inc. (NYSE:HIG) has been given a consensus rating of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $145.25.

Several analysts have issued reports on HIG shares. Cantor Fitzgerald upped their price target on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Royal Bank Of Canada lifted their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Zacks Research upgraded shares of The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, UBS Group decreased their target price on The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th.

Hedge Funds Weigh In On The Hartford Insurance Group

A number of institutional investors have recently made changes to their positions in HIG. First Pacific Financial bought a new stake in The Hartford Insurance Group in the first quarter worth $26,000. MidFirst Bank acquired a new stake in shares of The Hartford Insurance Group in the second quarter worth $26,000. Navigoe LLC bought a new stake in shares of The Hartford Insurance Group in the second quarter valued at about $27,000. Polaris Financial Partners bought a new stake in shares of The Hartford Insurance Group in the 3rd quarter worth approximately $27,000. Finally, Phillip James Consulting Co. acquired a new stake in The Hartford Insurance Group during the first quarter worth $29,000. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $134.37 on Tuesday. The company has a 50-day simple moving average of $133.53 and a 200-day simple moving average of $134.98. The Hartford Insurance Group has a 52-week low of $120.33 and a 52-week high of $146.07. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $36.40 billion, a PE ratio of 9.42, a P/E/G ratio of 2.20 and a beta of 0.49.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly 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 business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.41 EPS. Equities research analysts predict that The Hartford Insurance Group will post 12.88 earnings per share for the current fiscal year.

About The Hartford Insurance Group

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.