DOWLING & PARTN Brokers Decrease Earnings Estimates for HIG

The Hartford Insurance Group, Inc. (NYSE:HIG) – DOWLING & PARTN cut their FY2027 earnings per share (EPS) estimates for The Hartford Insurance Group in a report issued on Thursday, June 18th. DOWLING & PARTN analyst D. Lukpanov now expects that the insurance provider will post earnings of $13.50 per share for the year, down from their previous estimate of $14.25. The consensus estimate for The Hartford Insurance Group’s current full-year earnings is $12.98 per share.

Other analysts have also recently issued reports about the stock. Piper Sandler cut their price target on shares of The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating on the stock in a report on Thursday, June 11th. Wells Fargo & Company dropped their target price on shares of The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Mizuho cut their target price on shares of The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Bank of America increased their price target on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Finally, UBS Group decreased their price target 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. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.31.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $131.26 on Wednesday. The Hartford Insurance Group has a 52-week low of $119.61 and a 52-week high of $144.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The firm has a market cap of $35.98 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.36 and a beta of 0.47. The business’s 50 day moving average is $133.27 and its two-hundred day moving average is $135.34.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the company posted $2.20 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, June 1st. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s payout ratio is presently 16.87%.

Insider Buying and Selling at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the transaction, the president directly owned 38,208 shares in the company, 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 SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On The Hartford Insurance Group

A number of institutional investors have recently modified their holdings of HIG. First Pacific Financial bought a new position in The Hartford Insurance Group in the first quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in shares of The Hartford Insurance Group during the 3rd quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new stake in shares of The Hartford Insurance Group during the 1st quarter worth approximately $29,000. Sunbelt Securities Inc. bought a new stake in shares of The Hartford Insurance Group in the 3rd quarter worth approximately $29,000. Finally, United Financial Planning Group LLC acquired a new position in The Hartford Insurance Group during the 3rd quarter valued at approximately $29,000. Institutional investors own 93.42% of the company’s stock.

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.