RBC Capital Remains a Hold on Hartford Insurance (HIG)

RBC Capital analyst Rowland Mayor maintained a Hold rating on Hartford Insurance on April 24 and set a price target of $145.00. The company’s shares closed last Friday at $134.45.

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Mayor covers the Financial sector, focusing on stocks such as Selective Insurance Group, Kinsale Capital Group, and Marsh & McLennan Companies. According to TipRanks, Mayor has an average return of -1.6% and a 48.48% success rate on recommended stocks.

Currently, the analyst consensus on Hartford Insurance is a Moderate Buy with an average price target of $149.92, which is an 11.51% upside from current levels. In a report released yesterday, KBW also maintained a Hold rating on the stock with a $149.00 price target.

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.