The Hartford Insurance Group (NYSE:HIG) Stock Gets Price Target Bump from Mizuho

The Hartford Insurance Group (NYSE:HIG) had its price objective increased by analysts at Mizuho from $144.00 to $145.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Mizuho‘s price objective indicates a potential upside of 5.74% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of The Hartford Insurance Group from $144.00 to $137.00 and set a “market perform” rating on the stock in a report on Monday, October 12th. Royal Bank Of Canada lifted their price objective on shares of 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. Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Zacks Research raised The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Truist Financial assumed coverage on The Hartford Insurance Group in a research note on Monday, October 12th. They issued a “hold” rating and a $137.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.56.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $137.13 on Thursday. The business has a fifty day simple moving average of $132.67 and a 200-day simple moving average of $135.60. The Hartford Insurance Group has a 52 week low of $120.42 and a 52 week high of $146.07. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24. The company has a market cap of $36.67 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.94 and a beta of 0.48.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Monday, October 26th. The insurance provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.17 by $0.33. The Hartford Insurance Group had a return on equity of 20.93% and a net margin of 15.85%. The company had revenue of $7.22 billion during the quarter, compared to analyst estimates of $7.37 billion. During the same period in the prior year, the company earned $3.78 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that The Hartford Insurance Group will post 13.34 EPS for the current year.

Insider Buying and Selling at The Hartford Insurance Group

In related news, CFO Beth Costello sold 31,597 shares of The Hartford Insurance Group stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $135.75, for a total value of $4,289,292.75. Following the transaction, the chief financial officer directly owned 82,988 shares of the company’s stock, valued at $11,265,621. The trade was a 27.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Trading of The Hartford Insurance Group

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at about $4,067,052,000. Dimensional Fund Advisors LP lifted its holdings in The Hartford Insurance Group by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock worth $635,490,000 after purchasing an additional 72,448 shares in the last quarter. Bank of America Corp DE increased its holdings in The Hartford Insurance Group by 2.1% in the 1st quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock valued at $518,150,000 after acquiring an additional 79,827 shares during the last quarter. First Trust Advisors LP lifted its position in shares of 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 buying an additional 189,916 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in The Hartford Insurance Group in the 2nd quarter worth approximately $346,877,000. 93.42% of the stock is owned by institutional investors.

About The Hartford Insurance Group

The Hartford Financial Services Group, Inc., known as The Hartford, is a U.S.-based insurance company founded in 1810 and headquartered in Hartford, Connecticut. It provides property and casualty insurance and employee benefits to businesses, organizations and individuals. Its commercial insurance offerings include coverage such as workers’ compensation, general liability, commercial auto and property insurance. The company also provides group benefits, including life, disability and leave-management products, along with personal auto and homeowners insurance, which it offers through arrangements including its relationship with AARP.