Hartford Financial Services Group, Inc. (The) (NYSE:HIG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $56.20 and last traded at $56.20, with a volume of 765,342 shares traded. The stock had previously closed at $55.84.

A number of brokerages have issued reports on HIG. Deutsche Bank AG reaffirmed a “buy” rating and issued a $61.00 price objective (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price objective for the company in a research report on Monday. Wells Fargo & Company reissued a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Friday, July 28th. Finally, FBR & Co increased their target price on shares of Hartford Financial Services Group, Inc. (The) from $49.00 to $54.00 and gave the company a “mkt perform” rating in a research report on Tuesday, July 11th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $54.67.

The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 30.88 and a beta of 0.93. The stock has a 50 day moving average of $52.96 and a 200-day moving average of $49.72.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, equities analysts anticipate that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.65%. Hartford Financial Services Group, Inc. (The)’s payout ratio is currently 51.40%.

Several institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock valued at $103,000 after buying an additional 1,000 shares during the period. Quadrant Capital Group LLC increased its stake in Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in Hartford Financial Services Group, Inc. (The) during the second quarter worth about $119,000. Hartford Financial Management Inc. increased its stake in Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock worth $127,000 after buying an additional 2,203 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Hartford Financial Services Group, Inc. (The) during the first quarter worth about $163,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

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About Hartford Financial Services Group, Inc. (The)

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