The Hartford Insurance Group, Inc. (NYSE:HIG) Stock Has Average Target Price of $145.25

Shares of The Hartford Insurance Group, Inc. (NYSE:HIG) have been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $145.25.

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. UBS Group dropped their target price on shares of The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. JPMorgan Chase & Co. increased their target price on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Cantor Fitzgerald raised their price target on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Finally, Piper Sandler reissued a “neutral” rating and issued a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a research note on Wednesday, July 15th.

Institutional Trading of The Hartford Insurance Group

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in The Hartford Insurance Group during the second quarter worth about $4,067,052,000. Bank of America Corp DE acquired a new stake in shares of The Hartford Insurance Group during the second quarter valued at about $350,777,000. Legal & General Group Plc acquired a new stake in shares of The Hartford Insurance Group during the second quarter valued at about $346,877,000. Bank of New York Mellon Corp purchased a new stake in shares of The Hartford Insurance Group in the 2nd quarter valued at approximately $337,907,000. Finally, Deutsche Bank AG purchased a new stake in shares of The Hartford Insurance Group in the 2nd quarter valued at approximately $145,575,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Up 0.5%

The Hartford Insurance Group stock opened at $132.65 on Tuesday. The firm has a market cap of $35.93 billion, a PE ratio of 9.20, a P/E/G ratio of 2.15 and a beta of 0.49. The Hartford Insurance Group has a 12 month low of $120.33 and a 12 month high of $146.07. The stock’s 50 day simple moving average is $133.82 and its two-hundred day simple moving average is $134.98. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.26. The firm had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $3.41 EPS. Analysts anticipate that The Hartford Insurance Group will post 12.88 earnings per share for the current year.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, commonly known as The Hartford, is an insurance and financial services company headquartered in Hartford, Connecticut. Founded in 1810, the company provides insurance products and related services to businesses, individuals and institutional customers primarily in the United States.

The Hartford’s main business includes commercial property and casualty insurance, workers’ compensation, liability coverage, commercial auto insurance and other products for businesses of various sizes.