Shares of The Hartford Insurance Group, Inc. (NYSE:HIG – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $147.3125.
A number of research analysts recently commented on HIG shares. UBS Group cut their target price on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Barclays reduced their price target on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Keefe, Bruyette & Woods lowered their price objective on shares of The Hartford Insurance Group from $149.00 to $142.00 and set a “market perform” rating for the company in a research report on Thursday, June 4th. Piper Sandler dropped their target price on shares of The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Finally, Weiss Ratings lowered shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, May 27th.
Read Our Latest Research Report on HIG
The Hartford Insurance Group Stock Performance
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last released its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The firm had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $2.20 earnings per share. Equities research analysts anticipate that The Hartford Insurance Group will post 13.05 earnings per share for the current fiscal year.
The Hartford Insurance Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is currently 16.87%.
Insider Activity at The Hartford Insurance Group
In other news, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total value of $1,201,981.35. Following the completion of the sale, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.
Institutional Trading of The Hartford Insurance Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIG. Haven Private LLC boosted its stake in shares of The Hartford Insurance Group by 1.1% in the 4th quarter. Haven Private LLC now owns 6,751 shares of the insurance provider’s stock valued at $930,000 after purchasing an additional 71 shares during the last quarter. Signal Advisors Wealth LLC raised its stake in shares of The Hartford Insurance Group by 4.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock worth $240,000 after buying an additional 75 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in The Hartford Insurance Group by 40.3% in the fourth quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider’s stock valued at $37,000 after buying an additional 77 shares during the period. Kestra Advisory Services LLC lifted its holdings in The Hartford Insurance Group by 0.4% in the fourth quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider’s stock valued at $2,432,000 after buying an additional 79 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in The Hartford Insurance Group by 3.8% in the first quarter. Koshinski Asset Management Inc. now owns 2,253 shares of the insurance provider’s stock valued at $305,000 after acquiring an additional 82 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.
About The Hartford Insurance Group
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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