UBS Upgrades The Hartford Insurance Group (HIG) PT to $150 Following Positive P&C Model Update

UBS has upgraded its price target for The Hartford Insurance Group (HIG) to $150, an increase from the previous $107, while maintaining a neutral rating. This adjustment follows a positive update to UBS's Property & Casualty (P&C) model, driven by expectations of improved earnings per share (EPS) and book value per share (BVPS) from higher investment income and better underwriting results. The upgrade aligns HIG's price-to-book valuation more closely with its peers, suggesting the stock is currently trading at a reasonable valuation.