Wells Fargo Maintains Overweight Rating, Raises PT for Hartford Insurance to $139.

Wells Fargo Maintains Overweight Rating, Raises PT for Hartford Insurance to $139.

Wells Fargo has adjusted its price target for Hartford Insurance Group, Inc. (HIG), raising it to $139 from $138 while maintaining an overweight rating. This update comes following the company's strong financial performance in the second quarter of 2025, where earnings and revenue rose significantly.

The adjustment aligns with the broader analyst consensus, which, according to TipRanks, shows an average price target of $139.10, with a high forecast of $163.00 and a low forecast of $120.00. This consensus indicates a 12.77% upside potential from the last price of $123.35.

Wells Fargo's analyst, Elyse Greenspan, cited Hartford Financial's robust financial performance and effective risk management as key factors in the positive outlook. The company's Q2 adjusted earnings per share (EPS) of $3.41 and revenue of $6.99 billion exceeded FactSet estimates, demonstrating strong operational results [2].

The Hartford Insurance Group has also been making strategic moves to enhance its financial position. On July 16, the company announced executive changes, and on July 25, it announced an equity buyback plan. These moves are part of the company's efforts to strengthen its financial health and maintain a competitive edge in the insurance market.

Overall, the positive analyst ratings and financial performance indicate a promising outlook for Hartford Insurance Group. Investors should closely monitor the company's future earnings reports and strategic moves to gauge its long-term prospects.

References:
[1] https://www.marketscreener.com/news/wells-fargo-adjusts-price-target-on-hartford-insurance-group-to-139-from-138-maintains-overweight-ce7c5fdfdf88f425
[2] https://www.tipranks.com/stocks/hig/forecast