The Hartford Insurance Group, Inc. (NYSE:HIG) Receives $149.07 Average PT from Analysts

Shares of The Hartford Insurance Group, Inc. (NYSE:HIG) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $149.0667.

A number of brokerages have recently weighed in on HIG. Cantor Fitzgerald boosted their price objective on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings upgraded shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, September 4th. Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the company a “market perform” rating in a report on Tuesday, July 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Finally, Barclays decreased their target price on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, June 12th.

The Hartford Insurance Group Stock Down 1.3%

HIG opened at $128.97 on Friday. The firm has a market capitalization of $34.93 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 2.29 and a beta of 0.45. The Hartford Insurance Group has a one year low of $120.33 and a one year high of $146.07. The company has a fifty day moving average price of $138.57 and a 200-day moving average price of $135.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.26. The company had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $3.41 earnings per share. Equities research analysts expect that The Hartford Insurance Group will post 12.8 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 annualized dividend and a yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio is currently 15.51%.

Institutional Trading of The Hartford Insurance Group

A number of large investors have recently made changes to their positions in HIG. BlackRock Inc. bought a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at about $4,067,052,000. Geode Capital Management LLC lifted its holdings in The Hartford Insurance Group by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 7,948,948 shares of the insurance provider’s stock valued at $1,091,440,000 after purchasing an additional 34,274 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of The Hartford Insurance Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock worth $635,490,000 after acquiring an additional 72,448 shares during the period. Norges Bank bought a new stake in The Hartford Insurance Group in the 4th quarter valued at $611,724,000. Finally, Bank of America Corp DE boosted its position in shares of The Hartford Insurance Group by 2.1% during the 1st quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock valued at $518,150,000 after acquiring an additional 79,827 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Company Profile

The Hartford Insurance Group, operating as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits and related services primarily to businesses, individuals and organizations in the United States.

The company’s business operations include commercial insurance for small and midsize businesses, large organizations and specialty industries. Its offerings include workers’ compensation, commercial auto, general liability, property, professional liability and other coverage.