KBW Reaffirms Their Hold Rating on Hartford Insurance (HIG)

KBW analyst Ryan Krueger maintained a Hold rating on Hartford Insurance yesterday and set a price target of $149.00.

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Krueger covers the Financial sector, focusing on stocks such as Prudential Financial, Equitable Holdings, and Ameriprise Financial. According to TipRanks, Krueger has an average return of 11.2% and a 70.48% success rate on recommended stocks.

In addition to KBW, Hartford Insurance also received a Hold from Evercore ISI’s David Motemaden in a report issued on April 24. However, on the same day, Barclays maintained a Buy rating on Hartford Insurance (NYSE: HIG).

Based on Hartford Insurance’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.23 billion and a net profit of $856 million. In comparison, last year the company earned a revenue of $6.81 billion and had a net profit of $630 million

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HIG in relation to earlier this year. Last month, Lori A Rodden, the EVP of HIG sold 40,693.00 shares for a total of $5,617,471.72.