Mizuho Issues Pessimistic Forecast for The Hartford Insurance Group (NYSE:HIG) Stock Price

The Hartford Insurance Group (NYSE:HIG) had its price objective cut by equities research analysts at Mizuho from $154.00 to $144.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Mizuho’s price objective would suggest a potential upside of 12.73% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Piper Sandler reiterated a “neutral” rating and set a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Morgan Stanley cut their target price on shares of The Hartford Insurance Group from $145.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday. Zacks Research upgraded The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, September 22nd. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $146.67.

The Hartford Insurance Group Price Performance

NYSE HIG traded up $0.94 during trading on Wednesday, reaching $127.73. The company’s stock had a trading volume of 582,350 shares, compared to its average volume of 1,627,020. The stock has a market capitalization of $34.60 billion, a PE ratio of 8.26, a P/E/G ratio of 2.09 and a beta of 0.49. 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 firm has a fifty day moving average of $135.67 and a 200 day moving average of $135.16. The Hartford Insurance Group has a one year low of $120.33 and a one year high of $146.07.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The firm had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter last year, the company posted $3.41 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that The Hartford Insurance Group will post 12.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HIG. First Pacific Financial purchased a new stake in The Hartford Insurance Group during the 1st quarter valued at $26,000. MidFirst Bank purchased a new position in The Hartford Insurance Group in the second quarter worth $26,000. Navigoe LLC purchased a new position in shares of The Hartford Insurance Group in the 2nd quarter valued at approximately $27,000. Phillip James Consulting Co. acquired a new position in shares of The Hartford Insurance Group in the 1st quarter valued at $29,000. Finally, Polaris Financial Partners acquired a new stake in The Hartford Insurance Group during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group News Roundup

Here are the key news stories impacting The Hartford Insurance Group this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target to $145 from $144 and assigned an “overweight” rating, indicating roughly 14% potential upside from the referenced price. The upgrade in target reinforces a favorable view of HIG’s valuation and prospects. Benzinga analyst update
• Positive Sentiment: UBS maintained its “buy” rating and still sees meaningful upside, with a $149 target. While the target was reduced from $155, the continued buy recommendation supports investor confidence. UBS adjusts Hartford price target
• Positive Sentiment: A Seeking Alpha analysis highlights HIG’s potential for value-enhancing capital recycling and shareholder returns, which could support the stock through capital deployment, buybacks, dividends, or portfolio optimization. Hartford Insurance: Watch Value-Enhancing Capital Recycling And Shareholder Returns
• Neutral Sentiment: Morgan Stanley lowered its price target to $135 from $145 and shifted to an “equal weight” rating. The revised target still implies modest upside but signals less conviction than other analysts. Benzinga analyst update
• Neutral Sentiment: UBS also reduced its target, creating a mixed analyst picture: ratings remain favorable, but estimates have generally become more conservative. Recent earnings information shows HIG continues to have solid profitability and a low valuation, though no new operating update was provided in these articles.

About The Hartford Insurance Group

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.