The Hartford Financial Services Group Inc. (NYSE:HIG)’s share price rose 2.9% during trading on Friday . The company traded as high as $44.73 and last traded at $44.72, with a volume of 1,737,656 shares trading hands. The stock had previously closed at $43.47.

HIG has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of The Hartford Financial Services Group from $40.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 12th. Morgan Stanley restated a “hold” rating on shares of The Hartford Financial Services Group in a research report on Saturday, April 30th. Wells Fargo & Co. lowered shares of The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 17th. Zacks Investment Research upgraded shares of The Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of The Hartford Financial Services Group in a research report on Monday, June 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.20.

The firm’s 50-day moving average is $43.72 and its 200 day moving average is $43.39. The firm has a market cap of $17.61 billion and a price-to-earnings ratio of 12.22.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by $0.06. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same quarter last year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts predict that The Hartford Financial Services Group Inc. will post $3.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 27th.

In other The Hartford Financial Services Group news, Director Thomas A. Renyi purchased 1,965 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average cost of $44.63 per share, with a total value of $87,697.95. Following the completion of the transaction, the director now owns 40,265 shares in the company, valued at $1,797,026.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of institutional investors have added to or reduced their stakes in the company. Madison Investment Holdings Inc. raised its position in The Hartford Financial Services Group by 13.5% in the fourth quarter. Madison Investment Holdings Inc. now owns 354,204 shares of the company’s stock worth $15,394,000 after buying an additional 42,000 shares in the last quarter. New Vernon Investment Management LLC raised its position in The Hartford Financial Services Group by 22.6% in the fourth quarter. New Vernon Investment Management LLC now owns 108,419 shares of the company’s stock valued at $4,712,000 after buying an additional 20,000 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in The Hartford Financial Services Group by 6.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 685,385 shares of the company’s stock valued at $29,787,000 after buying an additional 39,570 shares in the last quarter. Victory Capital Management Inc. raised its position in The Hartford Financial Services Group by 7.8% in the fourth quarter. Victory Capital Management Inc. now owns 99,226 shares of the company’s stock valued at $4,313,000 after buying an additional 7,200 shares in the last quarter. Finally, Norinchukin Bank The raised its position in The Hartford Financial Services Group by 121.5% in the fourth quarter. Norinchukin Bank The now owns 102,890 shares of the company’s stock valued at $4,472,000 after buying an additional 56,442 shares in the last quarter.

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

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