Shares of The Hartford Financial Services Group Inc. (NYSE:HIG) shot up 2.9% during mid-day 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 traded. The stock had previously closed at $43.47.

A number of research firms have recently issued reports on HIG. Evercore ISI began coverage on shares of The Hartford Financial Services Group in a research report on Wednesday, July 6th. They issued a “hold” rating and a $47.00 price target for the company. Zacks Investment Research raised shares of The Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. FBR & Co reissued an “outperform” rating and issued a $50.00 price target on shares of The Hartford Financial Services Group in a research report on Wednesday, June 15th. Royal Bank Of Canada increased their price target on shares of The Hartford Financial Services Group from $40.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 12th. Finally, Morgan Stanley reissued a “hold” rating on shares of The Hartford Financial Services Group in a research report on Saturday, April 30th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The Hartford Financial Services Group presently has a consensus rating of “Buy” and a consensus target price of $49.20.

The company has a market cap of $17.61 billion and a P/E ratio of 12.22. The company’s 50-day moving average is $43.71 and its 200 day moving average is $43.40.

The Hartford Financial Services Group (NYSE:HIG) last posted its earnings results on Thursday, April 28th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The firm earned $4.39 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the prior year, the firm earned $1.08 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts forecast that The Hartford Financial Services Group Inc. will post $3.89 EPS for the current year.

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

In other The Hartford Financial Services Group news, Director Thomas A. Renyi acquired 1,965 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were acquired at an average price of $44.63 per share, for a total transaction of $87,697.95. Following the acquisition, the director now directly owns 40,265 shares of the company’s stock, valued at approximately $1,797,026.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Other institutional investors have added to or reduced their stakes in the company. Pitcairn Co. boosted its position in The Hartford Financial Services Group by 28.2% in the fourth quarter. Pitcairn Co. now owns 24,527 shares of the company’s stock valued at $1,065,000 after buying an additional 5,400 shares during the period. OppenheimerFunds Inc. acquired a new position in The Hartford Financial Services Group during the fourth quarter valued at $1,074,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in The Hartford Financial Services Group by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,762 shares of the company’s stock valued at $1,163,000 after buying an additional 108 shares during the period. Trexquant Investment LP acquired a new position in The Hartford Financial Services Group during the fourth quarter valued at $1,220,000. Finally, Pinnacle Associates Ltd. boosted its position in The Hartford Financial Services Group by 1.0% in the fourth quarter. Pinnacle Associates Ltd. now owns 30,340 shares of the company’s stock valued at $1,319,000 after buying an additional 300 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.