Analysts Set The Hartford Insurance Group, Inc. (NYSE:HIG) Price Target at $131.15

Shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $131.15.

Several equities analysts recently issued reports on HIG shares. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Raymond James Financial increased their price objective on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Morgan Stanley raised their target price on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company lowered their target price on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. raised their price target on The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th.

Insider Buying and Selling

In other news, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the completion of the sale, the chief executive officer now owns 211,082 shares in the company, valued at $26,385,250. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the transaction, the senior vice president now directly owns 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On The Hartford Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC grew its holdings 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 in the last quarter. Spurstone Advisory Services LLC purchased a new stake in shares of The Hartford Insurance Group during the 4th quarter worth about $33,000. Center for Financial Planning Inc. acquired a new stake in The Hartford Insurance Group in the first quarter valued at approximately $33,000. Itau Unibanco Holding S.A. bought a new stake in The Hartford Insurance Group in the fourth quarter worth $35,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of The Hartford Insurance Group in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Insurance Group Stock Down 2.0%

HIG stock traded down $2.54 during mid-day trading on Wednesday, hitting $124.04. 1,276,442 shares of the company were exchanged, compared to its average volume of 1,580,829. The firm has a fifty day simple moving average of $125.77 and a 200 day simple moving average of $118.09. The company has a market capitalization of $35.24 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.71. The Hartford Insurance Group has a twelve month low of $98.16 and a twelve month high of $132.09. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period in the previous year, the company earned $2.34 earnings per share. The Hartford Insurance Group's quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that The Hartford Insurance Group will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

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.