Connecticut-based The Hartford Insurance Group, Inc. (HIG) is a prominent Fortune 500 insurance and investment company. With a market cap of $37.7 billion, it provides insurance and financial services to individual and business customers. 

Shares of this insurance company have outpaced the broader market over the past 52 weeks. HIG has rallied 20.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 14.3%. Moreover, on a YTD basis, the stock is up 22.5%, compared to SPX’s 8.7% rise. 

Zooming in further, HIG has also outperformed the Invesco KBW Property & Casualty Insurance ETF’s (KBWP) 11.3% uptick over the past 52 weeks and 5.5% return on a YTD basis. 

On July 28, Hartford reported a strong Q2 performance, with core earnings soaring 31% to $981 million ($3.41 per share), driven by robust premium growth in P&C, disciplined underwriting, and higher investment income. The company also returned $549 million to shareholders through buybacks and dividends, underscoring its financial strength and commitment to shareholder value. HIG shares rose 2.8% in the following trading session. 

For the current fiscal year, ending in December, analysts expect HIG’s EPS to grow 12.5% year over year to $11.59. The company’s earnings surprise history is promising. It exceeded the consensus estimates in each of the last four quarters. 

Among the 23 analysts covering the stock, the consensus rating is a “Moderate Buy,” which is based on ten “Strong Buy,” two “Moderate Buy,” and 11 “Hold” ratings. 

The configuration is bullish than it was a month ago, when nine analysts had suggested a “Strong Buy” rating for the stock.  

On Aug. 4, Keefe, Bruyette & Woods analyst Meyer Shields reiterated an "Outperform" rating on Hartford Insurance Group and raised the price target from $135 to $137, representing a 1.48% upward revision.

The mean price target of $138.55 represents a 3.4% premium from HIG’s current price levels, while the Street-high price target of $163 suggests an upside potential of 21.7%.