The Hartford Insurance Group, Inc. (NYSE:HIG) Receives Consensus Rating of “Hold” from Brokerages

The Hartford Insurance Group, Inc. (NYSE:HIGGet Free Report) has been assigned an average rating of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $149.6667.

A number of equities analysts recently issued reports on HIG shares. Royal Bank Of Canada upped their price target on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of The Hartford Insurance Group in a report on Monday, August 24th. Keefe, Bruyette & Woods increased their price target 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. Cantor Fitzgerald raised their price target on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 20th.

View Our Latest Research Report on HIG

Institutional Investors Weigh In On The Hartford Insurance Group

A number of hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in The Hartford Insurance Group by 286,241.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,861,771 shares of the insurance provider’s stock worth $10,178,152,000 after purchasing an additional 73,835,976 shares during the period. California State Teachers Retirement System increased its position in The Hartford Insurance Group by 14,253.4% in the second quarter. California State Teachers Retirement System now owns 54,248,255 shares of the insurance provider’s stock worth $7,188,979,000 after buying an additional 53,870,308 shares in the last quarter. BlackRock Inc. purchased a new stake in The Hartford Insurance Group in the second quarter worth about $4,067,052,000. State Street Corp raised its stake in shares of The Hartford Insurance Group by 0.4% in the third quarter. State Street Corp now owns 16,031,840 shares of the insurance provider’s stock worth $2,146,749,000 after buying an additional 55,983 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of The Hartford Insurance Group by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 7,948,948 shares of the insurance provider’s stock valued at $1,091,440,000 after buying an additional 34,274 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of HIG stock opened at $138.51 on Monday. The Hartford Insurance Group has a fifty-two week low of $120.33 and a fifty-two week high of $146.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50 day moving average price is $138.49 and its 200-day moving average price is $136.56. The firm has a market cap of $37.52 billion, a P/E ratio of 8.95, a P/E/G ratio of 3.40 and a beta of 0.46.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, beating the consensus estimate of $3.16 by $0.26. The business 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 company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.41 earnings per share. On average, equities research analysts anticipate that The Hartford Insurance Group will post 12.8 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio is currently 15.51%.

The Hartford Insurance Group Company Profile

(Get Free Report)

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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Analyst Recommendations for The Hartford Insurance Group (NYSE:HIG)

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