The Hartford Insurance Group (NYSE:HIG – Get Free Report) had its target price reduced by stock analysts at UBS Group from $155.00 to $149.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. UBS Group’s price target suggests a potential upside of 17.52% from the stock’s previous close.
Several other equities research analysts have also recently commented on HIG. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, September 22nd. Barclays dropped their price target on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Keefe, Bruyette & Woods boosted their price target on 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. Wells Fargo & Company reduced their price objective on The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Finally, Royal Bank Of Canada increased their price objective on 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. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $146.67.
Check Out Our Latest Analysis on HIG
The Hartford Insurance Group Price Performance
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.26. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The firm had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter in the previous year, the firm posted $3.41 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Analysts anticipate that The Hartford Insurance Group will post 12.76 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of The Hartford Insurance Group during the second quarter worth approximately $4,067,052,000. Dimensional Fund Advisors LP increased its stake in shares of The Hartford Insurance Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock worth $635,490,000 after purchasing an additional 72,448 shares during the period. Bank of America Corp DE lifted its holdings in 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 worth $518,150,000 after purchasing an additional 79,827 shares during the last quarter. Franklin Resources Inc. lifted its holdings in The Hartford Insurance Group by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 3,557,609 shares of the insurance provider’s stock worth $490,239,000 after purchasing an additional 180,678 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in The Hartford Insurance Group by 5.8% in the 1st quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider’s stock valued at $468,113,000 after purchasing an additional 189,916 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.
More The Hartford Insurance Group News
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 maintained an overweight rating, implying approximately 14.4% potential upside. This supports the view that HIG’s valuation has become attractive after its recent weakness.
- Positive Sentiment: UBS maintained its buy rating while lowering its price target to $149 from $155, still indicating substantial potential upside from the current share price. UBS Adjusts Hartford Insurance Group Price Target
- Positive Sentiment: Investor analysis is focusing on value-enhancing capital recycling and shareholder returns, potentially supporting HIG’s investment case if management continues returning excess capital effectively. Hartford Insurance: Watch Value-Enhancing Capital Recycling and Shareholder Returns
- Neutral Sentiment: Morgan Stanley reiterated its hold/equal-weight stance and recently reduced its target to $135 from $145, signaling limited conviction in near-term outperformance. Morgan Stanley Sticks to Its Hold Rating
- Neutral Sentiment: Mizuho cut its price target to $144 from $154 and assigned a neutral rating, although the revised target still implies roughly 13.6% upside.
- Neutral Sentiment: Investors are also preparing for a CEO change in 2027. The succession plan may create uncertainty, though an orderly transition could limit disruption. The Hartford Insurance Group Prepares for a 2027 CEO Change
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.
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