The Hartford Insurance Group (NYSE:HIG) Price Target Raised to $165.00

The Hartford Insurance Group (NYSE:HIGFree Report) had its target price upped by Cantor Fitzgerald from $160.00 to $165.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the insurance provider’s stock.

A number of other analysts also recently commented on the company. Argus increased their price target on The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Morgan Stanley upped their price objective on 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. Mizuho assumed coverage on The Hartford Insurance Group in a research report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 target price for the company. Evercore ISI lifted their target price on The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company boosted their price target on shares of The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.94.

Read Our Latest Stock Report on HIG

The Hartford Insurance Group Stock Up 1.7%

HIG opened at $140.77 on Monday. The Hartford Insurance Group has a fifty-two week low of $107.49 and a fifty-two week high of $141.53. The firm has a market capitalization of $39.23 billion, a P/E ratio of 10.55, a PEG ratio of 1.07 and a beta of 0.61. The company’s 50-day moving average is $134.89 and its 200 day moving average is $131.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.32.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The business had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the firm posted $2.94 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts expect that The Hartford Insurance Group will post 11.11 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the sale, the chief executive officer owned 194,817 shares in the company, valued at $26,574,986.97. This represents a 50.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Beth Ann Costello sold 35,339 shares of The Hartford Insurance Group stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the transaction, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. This trade represents a 31.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On The Hartford Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signal Advisors Wealth LLC boosted its position in shares of The Hartford Insurance Group by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 75 shares during the period. Armstrong Advisory Group Inc. lifted its stake in The Hartford Insurance Group by 5.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,459 shares of the insurance provider’s stock worth $195,000 after purchasing an additional 80 shares in the last quarter. Mather Group LLC. boosted its holdings in The Hartford Insurance Group by 4.5% in the 3rd quarter. Mather Group LLC. now owns 1,929 shares of the insurance provider’s stock valued at $257,000 after purchasing an additional 83 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in The Hartford Insurance Group by 3.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 85 shares during the period. Finally, Monument Capital Management grew its position in shares of The Hartford Insurance Group by 0.4% during the 3rd quarter. Monument Capital Management now owns 24,314 shares of the insurance provider’s stock valued at $3,243,000 after purchasing an additional 85 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

More The Hartford Insurance Group News

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About The Hartford Insurance Group

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The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

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