The Hartford Insurance Group (NYSE:HIG) Upgraded at Mizuho

The Hartford Insurance Group (NYSE:HIG) was upgraded by equities researchers at Mizuho to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on the company. Piper Sandler lifted their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Keefe, Bruyette & Woods raised their price target on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Monday. Morgan Stanley raised their target price on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.60.

The Hartford Insurance Group Price Performance

The Hartford Insurance Group stock opened at $137.82 on Monday. The Hartford Insurance Group has a 1 year low of $104.93 and a 1 year high of $139.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a 50 day moving average price of $130.53 and a 200 day moving average price of $128.95. The company has a market cap of $38.40 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.29 and a beta of 0.63.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.76. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 EPS. Sell-side analysts predict that The Hartford Insurance Group will post 11.11 earnings per share for the current year.

Insider Activity

In other news, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total transaction of $959,816.81. Following the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at approximately $2,252,344. The trade was a 29.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of The Hartford Insurance Group

Hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its stake in The Hartford Insurance Group by 707.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 184 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of The Hartford Insurance Group during the third quarter worth about $26,000. Princeton Global Asset Management LLC bought a new stake in The Hartford Insurance Group in the third quarter valued at about $27,000. Private Wealth Management Group LLC increased its holdings in The Hartford Insurance Group by 151.1% in the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after buying an additional 133 shares during the last quarter. Finally, United Financial Planning Group LLC acquired a new stake in The Hartford Insurance Group during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

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.