The Hartford Insurance Group (NYSE:HIG) Given New $136.00 Price Target at Cantor Fitzgerald

The Hartford Insurance Group (NYSE:HIG) had its price target dropped by Cantor Fitzgerald from $145.00 to $136.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Cantor Fitzgerald‘s price objective would suggest a potential upside of 2.49% from the company’s current price.

A number of other analysts have also recently issued reports on HIG. Truist Financial initiated coverage on The Hartford Insurance Group in a research report on Monday, October 12th. They issued a “hold” rating and a $137.00 price objective for the company. UBS Group decreased their target price on 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. Keefe, Bruyette & Woods lowered their price target on shares of The Hartford Insurance Group from $144.00 to $137.00 and set a “market perform” rating on the stock in a report on Monday, October 12th. Morgan Stanley lowered their target price on shares of The Hartford Insurance Group from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Finally, Zacks Research upgraded shares of The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.69.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $132.69 on Monday. The Hartford Insurance Group has a 1-year low of $120.42 and a 1-year high of $146.07. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $132.97 and a 200 day simple moving average of $135.36. The stock has a market capitalization of $35.48 billion, a PE ratio of 8.03, a P/E/G ratio of 1.89 and a beta of 0.48.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, October 26th. The insurance provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.33. The Hartford Insurance Group had a net margin of 15.85% and a return on equity of 20.93%. The business had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.37 billion. During the same period in the previous year, the company earned $3.78 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts expect that The Hartford Insurance Group will post 13.18 EPS for the current fiscal year.

Institutional Trading of The Hartford Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in The Hartford Insurance Group during the 2nd quarter worth about $4,067,052,000. Dimensional Fund Advisors LP increased its stake in shares of The Hartford Insurance Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock valued at $635,490,000 after buying an additional 72,448 shares during the period. Bank of America Corp DE increased its stake in shares of The Hartford Insurance Group by 2.1% in the first quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock valued at $518,150,000 after buying an additional 79,827 shares during the period. First Trust Advisors LP raised its position in shares of The Hartford Insurance Group by 5.8% during the first quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider’s stock worth $468,113,000 after acquiring an additional 189,916 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of The Hartford Insurance Group during the second quarter worth about $346,877,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Company Profile

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.