The Hartford Financial Services Group (HIG) Stock Forecast & Price Target

$121.53 +0.81 (+0.67%)

(As of 11/25/2024 ET)

The Hartford Financial Services Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
9

Buy
8

Based on 17 Wall Street analysts who have issued ratings for The Hartford Financial Services Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 9 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for HIG.

Consensus Price Target

$120.88
-0.53% Downside

According to the 17 analysts' twelve-month price targets for The Hartford Financial Services Group, the average price target is $120.88. The highest price target for HIG is $144.00, while the lowest price target for HIG is $95.00. The average price target represents a forecasted downside of -0.53% from the current price of $121.53.

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HIG Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	9 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$120.88	$120.76	$110.88	$85.43
Forecasted Upside	-0.53% Downside	7.58% Upside	-3.01% Downside	8.92% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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HIG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HIG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

The Hartford Financial Services Group Stock vs. The Competition

Type	The Hartford Financial Services Group	Finance Companies	S&P 500
Consensus Rating Score	2.53	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-0.53% Downside	8.94% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent HIG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/29/2024	Keefe, Bruyette & Woods 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$133.00 ➝ $135.00	+19.41%
10/25/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$122.00 ➝ $125.00	+10.61%
10/15/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$134.00 ➝ $135.00	+13.69%
10/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$121.00 ➝ $124.00	+6.90%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$113.00 ➝ $127.00	+8.85%
9/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$122.00 ➝ $134.00	+14.58%
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9/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$130.00	+12.07%
8/2/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Heal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$105.00 ➝ $115.00	+5.02%
7/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$112.00 ➝ $125.00	+14.02%
7/10/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$109.00 ➝ $107.00	+7.39%
6/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$116.00 ➝ $114.00	+10.95%
6/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Cox Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$105.00 ➝ $111.00	+12.25%
4/26/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$90.00 ➝ $95.00	-1.13%
4/11/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$96.00 ➝ $104.00	+6.13%
4/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$144.00	+40.97%
4/1/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$100.00 ➝ $120.00	+16.95%
11/16/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
10/4/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$85.00	+21.15%
5/1/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
4/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$104.00	+49.58%
2/3/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
1/19/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$77.00	+3.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:27 AM ET.

Should I Buy The Hartford Financial Services Group Stock? HIG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these The Hartford Financial Services Group pros and cons to contact@marketbeat.com.

The Hartford Financial Services Group
Bull Case

Here are some ways that investors could benefit from investing in The Hartford Financial Services Group, Inc.:

The Hartford Financial Services Group, Inc. has initiated a stock repurchase plan allowing for the buyback of $3.30 billion in shares, which indicates that the board believes the stock is undervalued. This can lead to an increase in share price as the number of outstanding shares decreases.
The company recently increased its quarterly dividend to $0.52 per share, up from $0.47, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $2.08, providing a dividend yield of 1.78%, which can be attractive for income-focused investors.
With a current stock price around $116.31, The Hartford Financial Services Group, Inc. is trading near its 1-year high of $123.23, suggesting strong market performance and investor confidence.
The firm has a relatively low debt-to-equity ratio of 0.26, indicating a conservative approach to leverage, which can be appealing to risk-averse investors as it suggests financial stability.
The price-to-earnings (P/E) ratio of 11.70 is considered reasonable, especially in comparison to industry averages, suggesting that the stock may be undervalued relative to its earnings potential.

The Hartford Financial Services Group
Bear Case

Investors should be bearish about investing in The Hartford Financial Services Group, Inc. for these reasons:

The current ratio and quick ratio are both at 0.32, indicating potential liquidity issues. This means the company may struggle to meet short-term obligations, which could be a red flag for investors concerned about financial health.
Despite the recent stock buyback and dividend increase, the company's market performance has shown volatility, with a significant difference between its 1-year low of $72.87 and high of $123.23, which may indicate uncertainty in future performance.
The beta of 0.94 suggests that the stock is less volatile than the market, which may limit potential gains during bullish market conditions, making it less attractive for aggressive investors seeking high returns.
The price-to-earnings-growth (P/E/G) ratio of 0.91, while indicating potential value, also suggests that growth expectations may not be as strong, which could deter growth-oriented investors.
With a payout ratio of 18.84%, while sustainable, it may indicate that the company is not aggressively reinvesting profits back into growth initiatives, which could limit long-term capital appreciation.

HIG Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for The Hartford Financial Services Group is $120.88, with a high forecast of $144.00 and a low forecast of $95.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last year. There are currently 9 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HIG shares.
: According to analysts, The Hartford Financial Services Group's stock has a predicted downside of -0.53% based on their 12-month stock forecasts.
: The Hartford Financial Services Group has been rated by research analysts at Bank of America, Barclays, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like The Hartford Financial Services Group more than other "finance" companies. The consensus rating for The Hartford Financial Services Group is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how HIG compares to other companies.

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This page (NYSE:HIG) was last updated on 11/26/2024 by MarketBeat.com Staff

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The Hartford Financial Services Group (HIG) Stock Forecast & Price Target