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Hartford Insurance
(NYSE:HIG)
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Rating:77Outperform
Price Target:
$144.00
▲(2.97% Upside)
Action:Reiterated
Date:06/04/26
The score is driven primarily by strong financial performance (profitability, ROE, conservative leverage, and robust free cash flow) and attractive valuation (low P/E). This is partially offset by weak current technical momentum (below key moving averages with negative MACD), while the earnings call and corporate events add support via continued capital returns and the strategic divestiture despite near-term underwriting and loss-related pressures.
Positive Factors
Strong free cash flow generation
Hartford’s free cash flow consistently tracking ~95%–98% of net income and stepping up materially provides durable internal funding for underwriting volatility, reinsurance, dividends and buybacks. Reliable cash conversion underpins capital flexibility and reduces reliance on external financing over 2–6 months and beyond.
Negative Factors
Catastrophe and weather loss volatility
Material catastrophe and weather-related losses introduce recurring underwriting volatility that pressures combined ratios and capital cushions. Given climate and weather trends, elevated cat exposures can repeatedly compress underwriting margins, necessitate higher reinsurance spending and complicate multi-period earnings predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Hartford’s free cash flow consistently tracking ~95%–98% of net income and stepping up materially provides durable internal funding for underwriting volatility, reinsurance, dividends and buybacks. Reliable cash conversion underpins capital flexibility and reduces reliance on external financing over 2–6 months and beyond.
Read all positive factors
Hartford Insurance Key Performance Indicators (KPIs)
Any
Net Income by Segment
Reveals profitability across different business units, highlighting which segments drive earnings and where there might be challenges or opportunities for growth.
Reveals profitability across different business units, highlighting which segments drive earnings and where there might be challenges or opportunities for growth.
Data provided by:
The Fly
The FlyHartford Insurance (HIG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.79B
Dividend Yield1.55%
Average Volume (3M)1.76M
Price to Earnings (P/E)9.5
Beta (1Y)0.39
Revenue Growth6.90%
EPS Growth41.67%
CountryUS
Employees18,925
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)14.44
Shares Outstanding274,130,830
10 Day Avg. Volume1,838,750
30 Day Avg. Volume1,762,505
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)2.05
Price to Sales (P/S)1.38
P/FCF Ratio6.76
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue1.38
Enterprise Value/Gross Profit2.94
Enterprise Value/Ebitda7.04
Forecast
1Y Price Target
$147.92Price Target Upside5.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)12.83
Revenue Forecast (FY)$29.17B
Hartford Insurance Business Overview & Revenue Model
Company Description
The Hartford Insurance Group, Inc., together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. It operates through Business Insuranc...
How the Company Makes Money
The Hartford primarily makes money through (1) underwriting income and (2) investment income generated from investing insurance “float,” with additional fees from certain service components of its products.
1) Insurance premiums (core revenue inf...
Hartford Insurance Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call emphasized broad, consistent operational and financial strength—strong core earnings ($866M), high trailing ROE (20.3%), solid Business Insurance growth and underwriting margins, robust investment income, strong capital actions (share repurchases) and notable benefits sales momentum. Offsetting items include deteriorating auto volumes and short-term pressure in direct auto growth, elevated catastrophe and freeze losses affecting small business, a $70 million reserve increase for legacy GL exposures, some weakness in disability trends, and near-term expense and workers' compensation headwinds. On balance, the positives (profitability, disciplined underwriting, investment income, capital returns and sales execution) outweigh the noted challenges, though management remains cautious on competitive dynamics and select line pressures.Positive Updates
Strong Core Earnings and ROE
Core earnings of $866 million ($3.09 per diluted share) and trailing 12-month core earnings ROE of 20.3%, demonstrating strong profitability and shareholder returns.
Negative Updates
Personal Insurance Premium Decline and Auto Pressure
Overall Personal Insurance written premium declined 6% year-over-year driven by a 10% decrease in auto; management expects direct auto growth to remain challenged in the near term amid aggressive competitor pricing and marketing.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Core Earnings and ROE
Core earnings of $866 million ($3.09 per diluted share) and trailing 12-month core earnings ROE of 20.3%, demonstrating strong profitability and shareholder returns.
Read all positive updates
Company Guidance
The guidance emphasized continued capital deployment and steady operating progress: management expects net investment income to increase in full‑year 2026, with overall portfolio yields generally in line with 2025 (Q1 annualized portfolio yield excl. limited partnerships 4.5% before tax; Q1 limited partnership returns 5.1% before tax) and Q1 net investment income of $739M (+$83M YoY); holding company resources were $1.8B at quarter‑end, the company repurchased 3.3M shares for $450M in Q1 (expects similar buybacks in Q2 and has $1.1B remaining authorization through 12/31/2026). On the operating side Hartford reaffirmed expense targets (Business Insurance expense ratio 31.6% in Q1 with a target below 30% by end‑2027 and a planned expense‑ratio decline in 2026 and continued improvement in 2027), reiterated disciplined pricing and growth plans (Business Insurance renewal pricing ex‑WC ~6%; small ex‑WC pricing 7.2%; GL pricing 9.7%; Global Specialty pricing 4.8%; Personal Insurance renewal pricing +6.8% auto/+11.8% home), highlighted key metrics (Q1 core earnings $866M or $3.09/sh; TTM core earnings ROE 20.3%; BI core earnings $551M; PI core earnings $141M; EB core earnings $127M; BI underlying combined ratio 89.2%; PI underlying combined ratio 85%), signaled potential ~10% property premium growth for 2026, and noted limited market risk in the investment book (direct lending/BDC ≈2% of invested assets, BDC <1%) as well as reinsurance attachment at $750M (current YTD subject losses $204M).Hartford Insurance Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.76B | 28.26B | 26.38B | 24.33B | 21.85B | 21.65B |
| Gross Profit | 13.52B | 13.02B | 3.97B | 3.17B | 2.05B | 2.47B |
| EBITDA | 5.64B | 5.36B | 4.21B | 3.60B | 2.89B | 3.58B |
| Net Income | 4.06B | 3.84B | 3.11B | 2.50B | 1.82B | 2.37B |
Balance Sheet | ||||||
| Total Assets | 86.32B | 86.00B | 80.92B | 70.10B | 73.02B | 76.58B |
| Cash, Cash Equivalents and Short-Term Investments | 4.39B | 4.49B | 4.25B | 126.00M | 4.09B | 46.75B |
| Total Debt | 4.37B | 4.37B | 4.37B | 4.36B | 4.36B | 4.94B |
| Total Liabilities | 67.43B | 67.02B | 64.47B | 54.77B | 59.39B | 58.73B |
| Stockholders Equity | 18.89B | 18.98B | 16.45B | 15.33B | 13.63B | 17.84B |
Cash Flow | ||||||
| Free Cash Flow | 5.82B | 5.75B | 5.76B | 4.00B | 3.83B | 3.96B |
| Operating Cash Flow | 5.98B | 5.92B | 5.91B | 4.22B | 4.01B | 4.09B |
| Investing Cash Flow | -3.69B | -3.76B | -3.77B | -2.43B | -1.28B | -2.41B |
| Financing Cash Flow | -2.29B | -2.23B | -2.08B | -1.95B | -2.71B | -1.58B |
Hartford Insurance Technical Analysis
Positive
139.84
Price Trends
132.25
Positive
134.71
Positive
132.87
Positive
Market Momentum
0.86
Negative
64.11
Neutral
84.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HIG, the sentiment is Positive. The current price of 139.84 is above the 20-day moving average (MA) of 130.86, above the 50-day MA of 132.25, and above the 200-day MA of 132.87, indicating a bullish trend. The MACD of 0.86 indicates Negative momentum. The RSI at 64.11 is Neutral, neither overbought nor oversold. The STOCH value of 84.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HIG.
Hartford Insurance Risk Analysis
Hartford Insurance disclosed 40 risk factors in its most recent earnings report. Hartford Insurance reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hartford Insurance Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $37.79B | 9.55 | 22.01% | 1.55% | 6.90% | 41.67% | |
76 Outperform | $31.86B | 6.73 | 20.48% | ― | 8.66% | 32.96% | |
73 Outperform | $23.67B | 15.57 | 13.25% | 3.44% | -1.98% | 48.93% | |
70 Outperform | $39.25B | 12.60 | 7.70% | 2.02% | -2.31% | 26.43% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $12.45B | -16.23 | -219.79% | 2.15% | -19.35% | -175.55% | |
61 Neutral | $13.00B | 12.27 | 11.63% | 5.77% | 33.06% | 50.47% |
* Financial Sector Average
HIG
Hartford Insurance
137.85
15.01
12.22%
AEG
Aegon
8.66
1.73
24.93%
AIG
American International Group
79.39
-1.85
-2.28%
ACGL
Arch Capital Group
102.20
13.01
14.59%
PFG
Principal Financial
110.87
32.74
41.91%
EQH
Equitable Holdings
45.61
-8.66
-15.95%
Hartford Insurance Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Hartford Insurance to Divest Hartford Funds to Wellington
Positive
Jun 3, 2026
On June 3, 2026, The Hartford and Wellington Management announced a definitive agreement for Wellington’s parent to acquire Hartford Funds, with the asset management business to be folded into Wellington’s U.S. wealth franchise and reb...
Executive/Board ChangesShareholder Meetings
Hartford Insurance Shareholders Approve Directors and Auditor
Positive
May 21, 2026
At its annual meeting of shareholders held on May 20, 2026, The Hartford Insurance Group, Inc. reported that all nominated directors were elected to serve until the 2027 annual meeting, reinforcing continuity in the company’s leadership and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.