The Hartford Insurance Group (NYSE:HIG) Price Target Raised to $145.00 at UBS Group

The Hartford Insurance Group (NYSE:HIG - Free Report) had its price objective hoisted by UBS Group from $142.00 to $145.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the insurance provider's stock.

A number of other research analysts have also issued reports on HIG. JPMorgan Chase & Co. raised their target price on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Raymond James Financial increased their target price on The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Wall Street Zen raised The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Barclays dropped 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. Finally, Morgan Stanley raised their price target on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Hartford Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of $133.67.

The Hartford Insurance Group Stock Down 0.9%

HIG stock traded down $1.15 during mid-day trading on Wednesday, hitting $120.80. The stock had a trading volume of 1,124,566 shares, compared to its average volume of 1,592,594. The stock has a market capitalization of $34.32 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.18 and a beta of 0.69. The company has a fifty day moving average of $126.84 and a 200 day moving average of $119.21. The Hartford Insurance Group has a 1-year low of $101.02 and a 1-year 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 released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Hartford Insurance Group's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 EPS. On average, equities analysts expect that The Hartford Insurance Group will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is 20.74%.

Insiders Place Their Bets

In other news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction that occurred on 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 directly owned 622 shares of the company's stock, valued at approximately $74,279.24. This represents a 63.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

Institutional Trading of The Hartford Insurance Group

A number of large investors have recently bought and sold shares of the stock. NorthRock Partners LLC boosted its stake in shares of The Hartford Insurance Group by 2.6% in the 1st quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider's stock valued at $395,000 after purchasing an additional 80 shares in the last quarter. Wayfinding Financial LLC boosted its position in The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock valued at $355,000 after buying an additional 84 shares in the last quarter. Wealthspire Advisors LLC grew its stake in The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider's stock worth $356,000 after buying an additional 88 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of The Hartford Insurance Group by 29.4% during the second quarter. Harbor Capital Advisors Inc. now owns 400 shares of the insurance provider's stock worth $51,000 after buying an additional 91 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of The Hartford Insurance Group by 1.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock valued at $690,000 after acquiring an additional 95 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

About The Hartford Insurance Group

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.