5 Best Insurance Stocks Under $70

4. The Hartford Financial Services Group, Inc. (NYSE:HIG)

Number of Hedge Fund Holders: 28 

Share Price as of October 13: $63.67 

The Hartford Financial Services Group, Inc. (NYSE:HIG) provides insurance and financial services to individual and business customers internationally. It is one of the top insurance stocks to invest in. On August 1, Barclays analyst Tracy Benguigui maintained an Overweight rating on The  Hartford Financial Services Group, Inc. (NYSE:HIG) stock and lowered the price target to $78 from $80, appreciating the second quarter earnings of the firm.

Among the hedge funds being tracked by Insider Monkey, Columbus-based investment firm Diamond Hill Capital is a leading shareholder in The Hartford Financial Services Group, Inc. (NYSE:HIG), with 3.5 million shares worth more than $230 million. 

In its Q3 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and The Hartford Financial Services Group, Inc. (NYSE:HIG) was one of them. Here is what the fund said:

“Financials continued to gain from the economic recovery from COVID-19. Insurance companies, such as The Hartford Financial Services Group, Inc. (NYSE:HIG), benefited from rate increases and margin improvements during the quarter, as well as historically high retention and premium growth driving an improvement in ROE.”