The Hartford Financial Services Group Inc. (NYSE:HIG) shares saw an uptick in trading volume on Monday . 4,310,981 shares changed hands during trading, an increase of 35% from the previous session’s volume of 3,187,888 shares.The stock last traded at $39.97 and had previously closed at $39.85.

Several research firms have weighed in on HIG. Wells Fargo & Co. downgraded shares of The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 26th. They noted that the move was a valuation call. Royal Bank Of Canada upped their price objective on shares of The Hartford Financial Services Group from $40.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 12th. Barclays PLC lowered their price objective on shares of The Hartford Financial Services Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday. FBR & Co restated an “outperform” rating and set a $50.00 price objective on shares of The Hartford Financial Services Group in a report on Wednesday, June 15th. Finally, Evercore ISI began coverage on shares of The Hartford Financial Services Group in a report on Wednesday, July 6th. They set a “hold” rating and a $47.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.09.

The firm’s 50-day moving average is $43.43 and its 200-day moving average is $43.49. The company has a market capitalization of $15.52 billion and a P/E ratio of 12.27.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.49. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that The Hartford Financial Services Group Inc. will post $3.51 EPS for the current year.

In other The Hartford Financial Services Group news, Director Thomas A. Renyi bought 1,965 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were purchased at an average price of $44.63 per share, for a total transaction of $87,697.95. Following the acquisition, the director now owns 40,265 shares in the company, valued at approximately $1,797,026.95. The purchase was disclosed in a filing with the SEC, which is available at this link.

Other hedge funds have made changes to their positions in the company. OppenheimerFunds Inc. acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth approximately $1,074,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of 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 worth $1,163,000 after buying an additional 108 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of The Hartford Financial Services Group by 4.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 54,975 shares of the company’s stock worth $2,389,000 after buying an additional 2,426 shares during the period. Schroder Investment Management Group acquired a new stake in shares of The Hartford Financial Services Group during the fourth quarter worth approximately $9,886,000. Finally, Victory Capital Management Inc. boosted its stake in shares of 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 worth $4,313,000 after buying an additional 7,200 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.

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