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

$123.31 -0.43 (-0.35%)

(As of 11/29/2024 ET)

The Hartford Financial Services Group - Analysts' Recommendations and Stock Price Forecast (2025)

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 18 Analyst Ratings

Sell
0

Hold
10

Buy
8

Based on 18 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 18 analysts, 10 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for HIG.

Consensus Price Target

$122.00
-1.06% Downside

According to the 18 analysts' twelve-month price targets for The Hartford Financial Services Group, the average price target is $122.00. 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 -1.06% from the current price of $123.31.

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HIG Analyst Ratings Over Time

Type	Current Forecast 12/2/23 to 12/1/24	1 Month Ago 11/2/23 to 11/1/24	3 Months Ago 9/3/23 to 9/2/24	1 Year Ago 12/2/22 to 12/2/23
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	10 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	$122.00	$120.88	$110.88	$85.43
Forecasted Upside	-1.06% Downside	9.79% Upside	-4.49% Downside	9.78% 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	2.50	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-1.06% Downside	7.96% Upside	6.51% 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
11/27/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$100.00 ➝ $141.00	+15.00%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
Get the Latest News and Ratings for HIG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for The Hartford Financial Services Group and its competitors with MarketBeat's FREE daily newsletter.
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%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:40 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 Tuesday, November 26, 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. recently increased its quarterly dividend from $0.47 to $0.52, reflecting a commitment to returning value to shareholders. This change represents an annualized dividend of $2.08, providing a dividend yield of approximately 1.72%, which can be attractive for income-focused investors.
The company has initiated a share buyback program worth $3.30 billion, allowing it to repurchase up to 10.9% of its shares. Such programs often indicate that the board believes the stock is undervalued, potentially leading to an increase in share price as supply decreases.
Recent analyst upgrades have set a positive outlook for the stock, with a consensus rating of "Moderate Buy" and an average price target of $120.88. This suggests that analysts expect the stock to perform well in the near future.
The Hartford Financial Services Group, Inc. has a solid market capitalization of approximately $35 billion, indicating a stable and established presence in the financial services sector, which can provide a sense of security for investors.
With a current stock price around $116.81, it is trading near its 50-day moving average, suggesting that it may be in a stable price range, which can be a good entry point for potential investors.

The Hartford Financial Services Group
Bear Case

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

The company has a relatively low quick ratio of 0.32, indicating that it may struggle to meet its short-term liabilities with its most liquid assets. This could raise concerns about its financial health in times of economic stress.
Despite the recent dividend increase, the dividend payout ratio is around 20.84%, which, while sustainable, may limit future increases if the company does not see significant growth in earnings.
The stock has a beta of 0.94, suggesting that it is less volatile than the market. While this can be seen as a positive, it may also indicate limited growth potential compared to higher-beta stocks that could offer greater returns in a bullish market.
The Hartford Financial Services Group, Inc. has a debt-to-equity ratio of 0.26, which is relatively low, but it may also suggest that the company is not leveraging debt effectively to fuel growth, potentially limiting its expansion opportunities.
Analysts have mixed ratings, with nine holding a "hold" rating, which may indicate uncertainty about the stock's future performance and could deter some investors from committing capital.

HIG Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for The Hartford Financial Services Group is $122.00, with a high forecast of $144.00 and a low forecast of $95.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last year. There are currently 10 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 -1.06% based on their 12-month stock forecasts.
: The Hartford Financial Services Group has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, 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 12/1/2024 by MarketBeat.com Staff

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