The Hartford Insurance Group (NYSE:HIG) Issues Earnings Results, Beats Estimates By $0.33 EPS

The Hartford Insurance Group (NYSE:HIG – Get Free Report) posted its quarterly earnings results on Monday. The insurance provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.33, FiscalAI reports. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%. The company had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.37 billion.

The Hartford Insurance Group Price Performance

Shares of HIG stock traded down $0.78 on Monday, reaching $135.98. The company’s stock had a trading volume of 1,550,186 shares, compared to its average volume of 1,618,094. The stock’s fifty day simple moving average is $133.45 and its 200-day simple moving average is $135.01. The Hartford Insurance Group has a 1 year low of $120.33 and a 1 year high of $146.07. 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 company has a market capitalization of $36.83 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.49.

Wall Street Analysts Forecast Growth

HIG has been the topic of several research analyst reports. Mizuho lowered their target price on shares of The Hartford Insurance Group from $154.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Weiss Ratings upgraded shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. UBS Group reduced their price target on shares of The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. Wells Fargo & Company decreased their price target on shares of The Hartford Insurance Group from $164.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of The Hartford Insurance Group from $144.00 to $137.00 and set a “market perform” rating for the company in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.25.

Get Our Latest Research Report on HIG

About The Hartford Insurance Group

(Get Free Report)

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.

Further Reading

Earnings History for The Hartford Insurance Group (NYSE:HIG)

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