The Hartford Insurance Group (NYSE:HIG) Stock Price Expected to Rise, UBS Group Analyst Says

The Hartford Insurance Group (NYSE:HIG - Free Report) had its target price raised by UBS Group from $142.00 to $145.00 in a research report report published on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the insurance provider's stock.

HIG has been the subject of several other research reports. Raymond James Financial raised their price objective on 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. JPMorgan Chase & Co. raised their price objective on The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Barclays lowered their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday. Wall Street Zen raised The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Piper Sandler raised their price objective on 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. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Hartford Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $133.67.

The Hartford Insurance Group Trading Down 0.1%

Shares of The Hartford Insurance Group stock traded down $0.11 on Wednesday, hitting $121.76. The stock had a trading volume of 1,206,916 shares, compared to its average volume of 1,594,592. 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 one year low of $99.53 and a one year high of $132.09. The stock has a market cap of $34.59 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.18 and a beta of 0.69. The stock's 50-day simple moving average is $126.94 and its two-hundred day simple moving average is $119.05.

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 analysts' consensus estimates 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 company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same quarter last year, the firm posted $2.34 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that The Hartford Insurance Group will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were issued a $0.52 dividend. The ex-dividend date 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%.

Insider Buying and Selling

In related news, 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On The Hartford Insurance Group

Several large investors have recently bought and sold shares of HIG. Proficio Capital Partners LLC increased its holdings in The Hartford Insurance Group by 9.7% in the 4th 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 in the last quarter. Daiwa Securities Group Inc. increased its holdings in The Hartford Insurance Group by 24.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 45,793 shares of the insurance provider's stock worth $5,010,000 after buying an additional 9,040 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of The Hartford Insurance Group by 4.2% during the 4th quarter. Johnson Investment Counsel Inc. now owns 6,356 shares of the insurance provider's stock valued at $695,000 after purchasing an additional 257 shares during the period. Independent Advisor Alliance grew its stake in shares of The Hartford Insurance Group by 87.7% during the 4th quarter. Independent Advisor Alliance now owns 10,968 shares of the insurance provider's stock valued at $1,200,000 after purchasing an additional 5,126 shares during the period. Finally, Citizens Financial Group Inc. RI grew its stake in shares of The Hartford Insurance Group by 9.1% during the 4th quarter. Citizens Financial Group Inc. RI now owns 7,905 shares of the insurance provider's stock valued at $865,000 after purchasing an additional 662 shares during the period. 93.42% of the stock is currently owned by 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.