Barclays Cuts The Hartford Insurance Group (NYSE:HIG) Price Target to $142.00

The Hartford Insurance Group (NYSE:HIG - Free Report) had its target price reduced by Barclays from $145.00 to $142.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the insurance provider's stock.

HIG has been the topic of several other research reports. Piper Sandler lifted their price objective on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group cut their target price on The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Morgan Stanley raised their target price on The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. UBS Group raised their target price on The Hartford Insurance Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their target price on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $132.58.

The Hartford Insurance Group Trading Down 0.6%

Shares of HIG traded down $0.70 during trading hours on Monday, hitting $121.76. The company had a trading volume of 1,964,456 shares, compared to its average volume of 1,593,353. The firm has a market cap of $34.59 billion, a P/E ratio of 12.14, a P/E/G ratio of 1.20 and a beta of 0.69. The stock's 50 day moving average price is $126.95 and its 200 day moving average price is $119.03. 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 Hartford Insurance Group has a 52-week low of $99.15 and a 52-week high of $132.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 earnings per share. On average, research analysts predict that The Hartford Insurance Group will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.71%. The Hartford Insurance Group's payout ratio is 20.74%.

Insiders Place Their Bets

In other news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group 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 completion of 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 the SEC website. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On The Hartford Insurance Group

Several large investors have recently made changes to their positions in HIG. Park Square Financial Group LLC lifted 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 purchasing an additional 155 shares during the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of The Hartford Insurance Group during the fourth quarter valued at approximately $33,000. Center for Financial Planning Inc. purchased a new position in shares of The Hartford Insurance Group during the first quarter valued at approximately $33,000. Itau Unibanco Holding S.A. purchased a new position in shares of The Hartford Insurance Group during the fourth quarter valued at approximately $35,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of The Hartford Insurance Group during the fourth quarter valued at approximately $36,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

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.