Shares of The Hartford Financial Services Group Inc. (NYSE:HIG) have been given an average recommendation of “Buy” by the sixteen research firms that are covering the firm. Eight research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $48.20.

HIG has been the topic of a number of research analyst reports. Credit Suisse Group AG set a $51.00 price objective on shares of The Hartford Financial Services Group and gave the company a “buy” rating in a research report on Tuesday, August 23rd. MKM Partners lowered their price objective on shares of The Hartford Financial Services Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Mizuho boosted their price objective on shares of The Hartford Financial Services Group from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research raised shares of The Hartford Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. Finally, Atlantic Securities reaffirmed a “neutral” rating on shares of The Hartford Financial Services Group in a research report on Wednesday, August 10th.

The Hartford Financial Services Group (NYSE:HIG) opened at 43.13 on Tuesday. The firm’s 50-day moving average is $40.89 and its 200 day moving average is $43.52. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 13.23 and a beta of 1.44. The Hartford Financial Services Group has a one year low of $36.54 and a one year high of $49.41.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.49. The Hartford Financial Services Group had a net margin of 7.39% and a return on equity of 7.27%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Analysts forecast that The Hartford Financial Services Group will post $3.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, August 30th. The Hartford Financial Services Group’s payout ratio is currently 25.93%.

In related news, Director H Patrick Swygert sold 7,500 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $40.35, for a total transaction of $302,625.00. Following the completion of the transaction, the director now directly owns 34,745 shares in the company, valued at approximately $1,401,960.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.23% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. boosted its position in The Hartford Financial Services Group by 1.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 146,351 shares of the company’s stock valued at $6,417,000 after buying an additional 1,571 shares during the last quarter. Norges Bank bought a new position in The Hartford Financial Services Group during the fourth quarter valued at approximately $87,432,000. Acadian Asset Management LLC boosted its position in The Hartford Financial Services Group by 170.5% in the first quarter. Acadian Asset Management LLC now owns 5,488 shares of the company’s stock valued at $253,000 after buying an additional 3,459 shares during the last quarter. PGGM Investments boosted its position in The Hartford Financial Services Group by 2.5% in the first quarter. PGGM Investments now owns 285,386 shares of the company’s stock valued at $13,151,000 after buying an additional 6,924 shares during the last quarter. Finally, RDL Financial Inc. boosted its position in The Hartford Financial Services Group by 56.4% in the first quarter. RDL Financial Inc. now owns 35,844 shares of the company’s stock valued at $1,652,000 after buying an additional 12,925 shares during the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.

About The Hartford Financial Services Group

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.

5 Day Chart for NYSE:HIG

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