Brokerages Set The Hartford Insurance Group, Inc. (NYSE:HIG) Price Target at $149.06

The Hartford Insurance Group, Inc. (NYSE:HIG) has been given an average rating of “Hold” by the eighteen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $149.6667.

HIG has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. UBS Group reduced their price target on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Royal Bank Of Canada raised their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Wells Fargo & Company cut their target price on The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Finally, Mizuho boosted their price target on The Hartford Insurance Group from $154.00 to $163.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th.

The Hartford Insurance Group Trading Down 0.8%

HIG stock opened at $141.97 on Thursday. 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 company’s 50-day simple moving average is $134.51 and its 200 day simple moving average is $135.72. The Hartford Insurance Group has a 52 week low of $120.33 and a 52 week high of $146.07. The company has a market capitalization of $38.46 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 3.48 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.26. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same period last year, the firm earned $3.41 earnings per share. The Hartford Insurance Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Hartford Insurance Group will post 12.84 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be issued a $0.60 dividend. 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 (DPR) is currently 15.51%.

Insider Activity at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the completion of the sale, the president owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Pacific Financial acquired a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in shares of The Hartford Insurance Group during the 3rd quarter worth $26,000. Phillip James Consulting Co. bought a new stake in shares of The Hartford Insurance Group during the 1st quarter worth $29,000. Sunbelt Securities Inc. acquired a new stake in The Hartford Insurance Group in the third quarter valued at about $29,000. Finally, Fideuram Asset Management Ireland dac bought a new position in The Hartford Insurance Group in the fourth quarter valued at about $36,000. 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.