Roth Mkm Boosts The Hartford Insurance Group (NYSE:HIG) Price Target to $135.00

The Hartford Insurance Group (NYSE:HIG) had its target price raised by investment analysts at Roth Mkm from $120.00 to $135.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the insurance provider’s stock. Roth Mkm’s target price indicates a potential upside of 0.99% from the stock’s previous close.

HIG has been the subject of several other reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Monday, December 29th. Morgan Stanley raised their target price on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Mizuho began coverage on shares of The Hartford Insurance Group in a research note on Tuesday, December 16th. They set an “outperform” rating and a $160.00 target price for the company. Cantor Fitzgerald raised their price target on The Hartford Insurance Group from $152.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada initiated coverage on shares of The Hartford Insurance Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.63.

The Hartford Insurance Group Stock Up 1.0%

The Hartford Insurance Group stock traded up $1.31 during trading hours on Friday, hitting $133.68. The stock had a trading volume of 605,995 shares, compared to its average volume of 1,408,037. The stock’s 50-day moving average price is $134.83 and its 200-day moving average price is $131.01. The Hartford Insurance Group has a 12-month low of $105.98 and a 12-month high of $140.50. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $37.25 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.06 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The company had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the business earned $2.94 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts anticipate that The Hartford Insurance Group will post 11.11 EPS for the current fiscal year.

Insider Transactions at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $136.58, for a total value of $4,826,600.62. Following the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HIG. Signal Advisors Wealth LLC grew its position in shares of The Hartford Insurance Group by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock valued at $240,000 after purchasing an additional 75 shares during the period. Armstrong Advisory Group Inc. increased its stake in shares of The Hartford Insurance Group by 5.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,459 shares of the insurance provider’s stock valued at $195,000 after acquiring an additional 80 shares during the last quarter. Mather Group LLC. boosted its position in shares of The Hartford Insurance Group by 4.5% in the third quarter. Mather Group LLC. now owns 1,929 shares of the insurance provider’s stock worth $257,000 after acquiring an additional 83 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in The Hartford Insurance Group by 3.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 85 shares during the period. Finally, Monument Capital Management increased its position in The Hartford Insurance Group by 0.4% during the third quarter. Monument Capital Management now owns 24,314 shares of the insurance provider’s stock worth $3,243,000 after purchasing an additional 85 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

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.