Wells Fargo & Company Cuts The Hartford Insurance Group (NYSE:HIG) Price Target to $164.00

The Hartford Insurance Group (NYSE:HIG) had its price target lowered by Wells Fargo & Company from $165.00 to $164.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the insurance provider’s stock.

A number of other brokerages have also recently commented on HIG. Piper Sandler reaffirmed a “neutral” rating and issued a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a research note on Wednesday, July 15th. Barclays reduced their price objective on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Cantor Fitzgerald upped their target price on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, May 27th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $149.06.

The Hartford Insurance Group Stock Up 1.6%

Shares of The Hartford Insurance Group stock opened at $145.68 on Monday. The business has a fifty day simple moving average of $134.26 and a 200 day simple moving average of $135.63. The stock has a market cap of $39.46 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 3.89 and a beta of 0.47. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The Hartford Insurance Group has a 12 month low of $120.33 and a 12 month high of $145.81.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The firm had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts predict that The Hartford Insurance Group will post 12.77 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 1st. The Hartford Insurance Group’s payout ratio is 15.51%.

Insider Activity

In related news, President Adin M. Tooker sold 8,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total value of $1,201,981.35. Following the completion of the transaction, the president directly owned 38,208 shares in the company, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

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

The Hartford Insurance Group News Roundup

Here are the key news stories impacting The Hartford Insurance Group this week:

• Positive Sentiment: DOWLING & PARTN projects 2028 earnings of $14.25 per share, indicating expectations for continued long-term earnings growth beyond the current-year consensus estimate of $12.73.
• Neutral Sentiment: The Hartford’s most recent quarterly results provided a favorable fundamental backdrop: earnings of $3.42 per share exceeded estimates of $3.16, while revenue rose 8.1% year over year to $7.26 billion. Net margin was 15% and return on equity was 21.66%.
• Negative Sentiment: DOWLING & PARTN lowered its FY2026 earnings forecast to $13.00 per share from $13.25, although the revised estimate remains above the $12.73 consensus.
• Negative Sentiment: Zacks Research downgraded HIG from “hold” to “strong sell,” a notably bearish change that could weigh on investor sentiment. Zacks.com
• Negative Sentiment: Wells Fargo issued a pessimistic forecast for The Hartford’s stock, adding to the recent analyst caution. Wells Fargo Issues Pessimistic Forecast for The Hartford Insurance Group
• Negative Sentiment: Keefe, Bruyette & Woods raised its price target modestly to $144 from $143 but maintained a “market perform” rating. The target remains below the current trading level, implying limited near-term upside.

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.