Wells Fargo Raises Hartford Financial Price Target to $138, Maintains Overweight Rating

Wells Fargo analyst Elyse Greenspan has raised Hartford Financial's price target to $138 from $134 and maintains an Overweight rating. The focus should be on pricing, loss trends, and reserves for P&C companies, organic growth and margins for brokers, and sales, VI, and capital for life companies. Greenspan is bullish on Hartford Financial and bearish on Chubb.

Wells Fargo analyst Elyse Greenspan has recently raised The Hartford Insurance Group's (NYSE: HIG) price target to $138 from $134, maintaining an Overweight rating. Greenspan's bullish outlook on Hartford Financial is driven by expectations for pricing, loss trends, and reserves for property and casualty (P&C) companies, organic growth and margins for brokers, and sales, value investing, and capital for life companies. Greenspan is also bearish on Chubb [3].

In the first quarter, IFM Investors Pty Ltd increased its stake in The Hartford Insurance Group by 7.1%, owning 82,040 shares valued at $9,649,000 [1]. Several other institutional investors have also adjusted their holdings in The Hartford Insurance Group, including Center for Financial Planning Inc., Spurstone Advisory Services LLC, Smallwood Wealth Investment Management LLC, Golden State Wealth Management LLC, and Itau Unibanco Holding S.A. [1].

The Hartford Insurance Group's stock price has been trending upward, trading up $1.81 to $124.71 on July 2nd, 2025 [1]. The company reported earnings per share (EPS) of $2.20 for the quarter, surpassing the consensus estimate of $2.15 [1]. Revenue for the quarter was $6.81 billion, up 6.1% year-over-year [1].

Analyst ratings for The Hartford Insurance Group have been mixed over the past 30 days, with 6 analysts providing varying opinions [3]. The average price target among analysts is $140.33, with a high estimate of $145.00 and a low estimate of $130.00 [3]. Greenspan's target of $138 is slightly below the average price target but reflects her cautious optimism about the company's prospects.

Greenspan's focus on pricing, loss trends, and reserves is particularly relevant given the recent trends in the insurance industry. Despite positive inflation headlines, there are issues for insurers under the surface, including concerns about commercial reserves and loss costs [2]. Greenspan's emphasis on these factors highlights the importance of these metrics in evaluating The Hartford Insurance Group's performance.

In conclusion, Greenspan's adjusted price target and Overweight rating reflect her bullish outlook on The Hartford Insurance Group, driven by expectations for pricing, loss trends, and reserves, as well as organic growth and margins for brokers, and sales, value investing, and capital for life companies. Her bearish stance on Chubb underscores her preference for Hartford Financial as a more attractive investment opportunity.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-the-hartford-insurance-group-inc-nysehig-shares-acquired-by-ifm-investors-pty-ltd-2025-07-05/
[2] https://www.insuranceinsiderus.com/research
[3] https://www.nasdaq.com/articles/beyond-numbers-6-analysts-discuss-hartford-insurance-gr-stock