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

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

A number of other equities research analysts have also weighed in on HIG. 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 for the company in a research note on Friday, April 11th. UBS Group boosted their target price on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Piper Sandler boosted 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 note on Tuesday, April 1st. Morgan Stanley boosted 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 note on Monday, May 19th. Finally, Keefe, Bruyette & Woods decreased their target price on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $133.67.

The Hartford Insurance Group Stock Down 0.1%

HIG stock traded down $0.11 during midday trading on Monday, hitting $121.76. The company's stock had a trading volume of 1,589,425 shares, compared to its average volume of 1,592,916. The company has a market cap of $34.59 billion, a PE ratio of 12.14, a P/E/G ratio of 1.18 and a beta of 0.69. The Hartford Insurance Group has a 12 month low of $99.65 and a 12 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 firm's 50-day moving average is $126.94 and its 200-day moving average is $119.05.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.34 EPS. On average, equities 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 declared 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. This represents a $2.08 annualized dividend and a yield of 1.71%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Insider Activity

In related news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the transaction, the senior vice president directly owned 622 shares of the company's stock, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC lifted its stake in The Hartford Insurance Group by 146.2% in the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock worth $32,000 after purchasing an additional 155 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. acquired a new stake in shares of The Hartford Insurance Group during the 1st quarter worth approximately $33,000. Itau Unibanco Holding S.A. acquired a new stake in shares of The Hartford Insurance Group during the 4th quarter worth approximately $35,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of The Hartford Insurance Group during the 4th quarter worth approximately $36,000. 93.42% of the stock is 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.