The Hartford Insurance Group (NYSE:HIG – Get Free Report) had its target price cut by analysts at Barclays from $156.00 to $155.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. Barclays‘s price target points to a potential upside of 20.52% from the company’s previous close.
HIG has been the topic of a number of other research reports. Keefe, Bruyette & Woods dropped their price objective on shares of The Hartford Insurance Group from $149.00 to $142.00 and set a “market perform” rating on the stock in a research report on Thursday, June 4th. Cantor Fitzgerald dropped their price objective on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Mizuho dropped their price objective on shares of The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Piper Sandler dropped their price objective on shares of The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, May 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $147.31.
View Our Latest Stock Report on The Hartford Insurance Group
The Hartford Insurance Group Stock Performance
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. Equities research analysts predict that The Hartford Insurance Group will post 13.12 EPS for the current year.
Insider Buying and Selling
In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the transaction, the president owned 38,208 shares of the company’s stock, valued at $5,163,047.04. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of HIG. First Pacific Financial acquired a new position in shares of The Hartford Insurance Group in the first quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new position in The Hartford Insurance Group during the third quarter worth $26,000. United Financial Planning Group LLC acquired a new position in The Hartford Insurance Group during the third quarter worth $29,000. Phillip James Consulting Co. acquired a new position in The Hartford Insurance Group during the first quarter worth $29,000. Finally, Sunbelt Securities Inc. acquired a new position in The Hartford Insurance Group during the third quarter worth $29,000. Institutional investors and hedge funds own 93.42% of the company’s stock.
The Hartford Insurance Group Company Profile
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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