Hartford Financial price target raised to $145 from $130 at Piper Sandler

Piper Sandler raised the firm’s price target on Hartford Financial (HIG) to $145 from $130 and keeps an Overweight rating on the shares. Discussing the insurance sector, the firm says that in Q1 2025, it expects companies to report solid results on an underlying underwriting basis with some weighted down by catastrophe losses from the California wildfires. There is a lot of uncertainty around tariffs and their impacts. Personal lines insurance margins should continue to improve, Piper says. Commercial insurance margins are staying higher for longer than the firm expected. Piper is generally Overweight towards the P/C insurance sector.