The Hartford Insurance Group, Inc. (NYSE:HIG) Receives Average Recommendation of "Moderate Buy" from Brokerages

The Hartford Insurance Group, Inc. (NYSE:HIG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $133.67.

Several analysts have recently issued reports on HIG shares. Morgan Stanley upped their target price on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Barclays decreased their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Piper Sandler upped their target price on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Jefferies Financial Group decreased their target price on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Finally, Raymond James Financial upped their target price on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, March 31st.

The Hartford Insurance Group Price Performance

HIG stock traded up $1.09 during mid-day trading on Friday, hitting $122.46. The company had a trading volume of 496,073 shares, compared to its average volume of 1,665,480. The company has a market capitalization of $34.79 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.28 and a beta of 0.69. The Hartford Insurance Group has a 12-month low of $101.48 and a 12-month high of $132.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $126.28 and a 200 day moving average price of $119.75.

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

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.70%. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Insider Buying and Selling

In other news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the transaction, the senior vice president directly owned 622 shares in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Hartford Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in shares of The Hartford Insurance Group by 9.7% in the fourth quarter. Proficio Capital Partners LLC now owns 5,773 shares of the insurance provider's stock worth $632,000 after buying an additional 512 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in shares of The Hartford Insurance Group in the fourth quarter worth $269,000. HUB Investment Partners LLC raised its holdings in shares of The Hartford Insurance Group by 23.9% in the fourth quarter. HUB Investment Partners LLC now owns 5,764 shares of the insurance provider's stock worth $631,000 after buying an additional 1,113 shares during the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of The Hartford Insurance Group by 20.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 759 shares of the insurance provider's stock worth $83,000 after buying an additional 129 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of The Hartford Insurance Group in the fourth quarter worth $1,738,000. 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.