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

Shares of The Hartford Insurance Group, Inc. (NYSE:HIG) have been given an average recommendation of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $149.6667.

Several analysts recently commented on HIG shares. 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 research note on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Cantor Fitzgerald lifted their price objective on The Hartford Insurance Group from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Wells Fargo & Company reduced their target price on shares of The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Finally, Barclays lowered their target price on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, June 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Haven Private LLC grew its position in The Hartford Insurance Group by 1.1% during the 4th quarter. Haven Private LLC now owns 6,751 shares of the insurance provider’s stock worth $930,000 after acquiring an additional 71 shares during the last quarter. GW&K Investment Management LLC increased its holdings in The Hartford Insurance Group by 40.3% during the 4th quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 77 shares in the last quarter. Kestra Advisory Services LLC raised its position in The Hartford Insurance Group by 0.4% in the 4th quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider’s stock valued at $2,432,000 after purchasing an additional 79 shares during the last quarter. Koshinski Asset Management Inc. raised its position in The Hartford Insurance Group by 3.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,253 shares of the insurance provider’s stock valued at $305,000 after purchasing an additional 82 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC boosted its stake in The Hartford Insurance Group by 0.7% in the fourth quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider’s stock worth $1,810,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Up 0.5%

Shares of HIG stock opened at $138.51 on Monday. The Hartford Insurance Group has a 52-week low of $120.33 and a 52-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 stock has a market cap of $37.52 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 3.38 and a beta of 0.46. The firm has a fifty day moving average of $138.49 and a 200-day moving average of $136.58.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data 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 company had revenue of $7.26 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.41 earnings per share. On average, equities research analysts forecast that The Hartford Insurance Group will post 12.8 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend 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

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.