The Hartford Financial Services Group Inc. (NYSE:HIG) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock. Nine research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $47.50.

Several equities research analysts have commented on HIG shares. FBR & Co decreased their price objective on shares of The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Atlantic Securities lowered shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $45.00 in a research note on Wednesday, August 10th. Mizuho increased 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 note on Thursday, August 11th. 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 note on Tuesday, August 23rd. Finally, Zacks Investment Research raised shares of The Hartford Financial Services Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 27th.

In other The Hartford Financial Services Group news, SVP Scott R. Lewis sold 5,868 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total value of $259,130.88. Following the completion of the transaction, the senior vice president now directly owns 12,812 shares of the company’s stock, valued at approximately $565,777.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.23% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HIG. HighPoint Advisor Group LLC purchased a new position in shares of The Hartford Financial Services Group during the third quarter valued at approximately $462,000. D.A. Davidson & CO. increased its position in shares of The Hartford Financial Services Group by 7.7% in the third quarter. D.A. Davidson & CO. now owns 8,205 shares of the company’s stock valued at $349,000 after buying an additional 586 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of The Hartford Financial Services Group by 2.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 756,371 shares of the company’s stock valued at $32,388,000 after buying an additional 18,272 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of The Hartford Financial Services Group during the third quarter valued at approximately $322,000. Finally, Credit Suisse AG increased its position in shares of The Hartford Financial Services Group by 120.5% in the third quarter. Credit Suisse AG now owns 1,571,716 shares of the company’s stock valued at $67,302,000 after buying an additional 858,805 shares during the last quarter. 88.68% of the stock is owned by hedge funds and other institutional investors.

Shares of The Hartford Financial Services Group (NYSE:HIG) traded up 0.693% on Wednesday, reaching $47.245. 1,417,206 shares of the company’s stock traded hands. The company’s 50-day moving average price is $44.86 and its 200 day moving average price is $43.25. The Hartford Financial Services Group has a one year low of $36.54 and a one year high of $48.17. The firm has a market cap of $17.85 billion, a P/E ratio of 13.627 and a beta of 1.24.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The firm earned $4.70 billion during the quarter, compared to analyst estimates of $4.68 billion. The Hartford Financial Services Group had a net margin of 7.65% and a return on equity of 7.49%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. On average, equities analysts forecast that The Hartford Financial Services Group will post $3.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.96%. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, November 29th. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 24.28%.

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The Hartford Financial Services Group Company Profile

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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