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The Hartford Financial Services Group (HIG) Stock Forecast & Price Target

$116.31
+0.02 (+0.02%)
(As of 10/10/2024 ET)

The Hartford Financial Services Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
10
Buy
8

Based on 18 Wall Street analysts who have issued ratings for The Hartford Financial Services Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 10 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for HIG.

Consensus Price Target

$118.94
2.26% Upside
According to the 18 analysts' twelve-month price targets for The Hartford Financial Services Group, the average price target is $118.94. The highest price target for HIG is $144.00, while the lowest price target for HIG is $95.00. The average price target represents a forecasted upside of 2.26% from the current price of $116.31.
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HIG Analyst Ratings Over Time

TypeCurrent Forecast
10/12/23 to 10/11/24
1 Month Ago
9/12/23 to 9/11/24
3 Months Ago
7/14/23 to 7/13/24
1 Year Ago
10/12/22 to 10/12/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
10 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$118.94$111.94$107.50$85.43
Forecasted Upside2.26% Upside-1.85% Downside5.65% Upside21.75% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

HIG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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HIG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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The Hartford Financial Services Group Stock vs. The Competition

TypeThe Hartford Financial Services GroupFinance CompaniesS&P 500
Consensus Rating Score
2.50
2.48
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside2.26% Upside17.22% Upside7.81% Upside
News Sentiment Rating
Positive News

See Recent HIG News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/10/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$117.00 ➝ $122.00+5.44%
10/10/2024Bank of America
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$121.00 ➝ $124.00+6.90%
10/9/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetHold ➝ Hold$113.00 ➝ $127.00+8.85%
9/17/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$122.00 ➝ $134.00+14.58%
9/4/2024Barclays
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A. Scott
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Initiated CoverageEqual Weight$130.00+12.07%
8/2/2024Argus
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K. Heal
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UpgradeStrong-Buy
8/1/2024Keefe, Bruyette & Woods
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 Boost TargetOutperform ➝ Outperform$120.00 ➝ $133.00+21.13%
7/29/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$105.00 ➝ $115.00+5.02%
7/29/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$112.00 ➝ $125.00+14.02%
7/10/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$109.00 ➝ $107.00+7.39%
6/28/2024Citigroup
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 DowngradeBuy ➝ Neutral$116.00 ➝ $114.00+10.95%
6/13/2024The Goldman Sachs Group
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R. Cox
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Boost TargetBuy ➝ Buy$105.00 ➝ $111.00+12.25%
4/26/2024Roth Mkm
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 Boost TargetNeutral ➝ Neutral$90.00 ➝ $95.00-1.13%
4/11/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$96.00 ➝ $104.00+6.13%
4/3/2024TD Cowen
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 Boost TargetBuy ➝ Buy$144.00+40.97%
4/1/2024Raymond James
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 Reiterated RatingOutperform ➝ Outperform$100.00 ➝ $120.00+16.95%
2/5/2024UBS Group
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 Boost TargetBuy ➝ Buy$100.00 ➝ $107.00+18.59%
11/16/2023Oppenheimer
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 Initiated CoverageMarket Perform
10/4/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$85.00+21.15%
5/1/2023888
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 Reiterated RatingReiterates
4/17/2023Credit Suisse Group
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 Reiterated RatingOutperform$104.00+49.58%
2/3/2023Roth Capital
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H. Fong
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Reiterated RatingNeutral
1/19/2023BMO Capital Markets
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 Initiated CoverageMarket Perform$77.00+3.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:33 AM ET.


Should I Buy The Hartford Financial Services Group Stock? HIG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 8, 2024. Please send any questions or comments about these The Hartford Financial Services Group pros and cons to contact@marketbeat.com.

The Hartford Financial Services Group
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The Hartford Financial Services Group, Inc.:

  • The Hartford Financial Services Group stock price is currently trading at $117.07, showing positive momentum.
  • The company has a market capitalization of $34.62 billion, indicating stability and size in the market.
  • Analysts have raised the price target for The Hartford Financial Services Group to $134.00, suggesting potential growth.
  • The company has a low P/E ratio of 13.30, indicating the stock may be undervalued.
  • The Hartford Financial Services Group has a beta of 0.93, showing lower volatility compared to the market average.

The Hartford Financial Services Group
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in The Hartford Financial Services Group, Inc. for these reasons:

  • Despite the positive momentum, the stock has a 1 year high of $117.68, which may indicate a potential resistance level.
  • The company's debt-to-equity ratio of 0.28 may raise concerns about its financial leverage.
  • There are mixed analyst ratings on the stock, with some suggesting a hold or neutral stance.
  • The Hartford Financial Services Group's quick ratio and current ratio of 0.32 may indicate liquidity challenges.
  • While the P/E ratio is low, the P/E/G ratio of 0.91 may suggest limited growth potential relative to the stock price.

HIG Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for The Hartford Financial Services Group is $118.94, with a high forecast of $144.00 and a low forecast of $95.00.

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last twelve months. There are currently 10 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HIG shares.

According to analysts, The Hartford Financial Services Group's stock has a predicted upside of 2.26% based on their 12-month stock forecasts.

Over the previous 90 days, The Hartford Financial Services Group's stock had 1 upgrade by analysts.

The Hartford Financial Services Group has been rated by research analysts at Argus, Bank of America, Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Piper Sandler, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.

Analysts like The Hartford Financial Services Group more than other "finance" companies. The consensus rating for The Hartford Financial Services Group is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how HIG compares to other companies.


This page (NYSE:HIG) was last updated on 10/11/2024 by MarketBeat.com Staff
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