Research Analysts Issue Forecasts for HIG FY2025 Earnings

Key Points

• Cantor Fitzgerald has projected The Hartford Insurance Group's FY2025 earnings per share (EPS) to be $12.11, surpassing the current consensus estimate of $11.11.
• The stock currently holds a Moderate Buy consensus rating with an average target price of $137.64, reflecting a positive outlook from multiple analysts.
• The company recently declared a quarterly dividend of $0.52 per share, which will be distributed on October 2nd, representing an annualized yield of 1.6%.

The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for The Hartford Insurance Group in a research note issued on Wednesday, August 13th. Cantor Fitzgerald analyst R. Tunis anticipates that the insurance provider will post earnings per share of $12.11 for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $152.00 price target on the stock. The consensus estimate for The Hartford Insurance Group's current full-year earnings is $11.11 per share. Cantor Fitzgerald also issued estimates for The Hartford Insurance Group's FY2026 earnings at $13.43 EPS.

A number of other research analysts have also issued reports on HIG. Morgan Stanley boosted their price target on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Citigroup initiated coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They set a "neutral" rating and a $138.00 target price for the company. JPMorgan Chase & Co. raised their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price objective on The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.64.

The Hartford Insurance Group Stock Performance

NYSE:HIG traded up $1.9160 during midday trading on Friday, reaching $131.6760. The stock had a trading volume of 1,080,176 shares, compared to its average volume of 1,518,314. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.02 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.26 and a beta of 0.67. The firm has a fifty day simple moving average of $125.00 and a two-hundred day simple moving average of $122.00. The Hartford Insurance Group has a 12-month low of $104.93 and a 12-month high of $132.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The company had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $7.02 billion. During the same period last year, the firm earned $2.50 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The Hartford Insurance Group's payout ratio is presently 18.86%.

Insider Activity

In other news, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. This represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Hartford Insurance Group

Several hedge funds have recently bought and sold shares of HIG. Private Wealth Management Group LLC raised its stake in The Hartford Insurance Group by 151.1% in the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 133 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in shares of The Hartford Insurance Group by 72.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider's stock valued at $30,000 after buying an additional 99 shares during the last quarter. Park Square Financial Group LLC lifted its stake in shares of The Hartford Insurance Group by 146.2% during the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock valued at $32,000 after buying an additional 155 shares during the period. Center for Financial Planning Inc. acquired a new stake in The Hartford Insurance Group during the first quarter worth approximately $33,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in The Hartford Insurance Group in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.