Shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) have been given a consensus recommendation of “Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $55.55.

Several research analysts have commented on HIG shares. Wells Fargo & Company reissued a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, April 18th. Deutsche Bank AG started coverage on Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, June 6th. They set a “buy” rating and a $60.00 target price for the company. ValuEngine raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group set a $51.00 target price on Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $54.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a report on Wednesday, July 12th.

Hartford Financial Services Group, Inc. (NYSE HIG) opened at 55.73 on Friday. The stock has a 50 day moving average of $53.74 and a 200-day moving average of $50.07. Hartford Financial Services Group, Inc. has a 52 week low of $39.68 and a 52 week high of $56.60. The firm has a market cap of $20.30 billion, a PE ratio of 30.59 and a beta of 0.93.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. Hartford Financial Services Group, Inc. (The)’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Analysts expect that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current year.

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

ILLEGAL ACTIVITY WARNING: This article was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/11/hartford-financial-services-group-inc-the-hig-receives-consensus-rating-of-buy-from-analysts.html.

Hedge funds have recently made changes to their positions in the stock. Huntington National Bank boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Huntington National Bank now owns 6,886 shares of the insurance provider’s stock valued at $331,000 after buying an additional 30 shares during the last quarter. Quotient Investors LLC bought a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter valued at approximately $1,213,000. Hartford Financial Management Inc. boosted its stake in shares of 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 valued at $127,000 after buying an additional 2,203 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 1.3% in the first quarter. Mount Vernon Associates Inc. MD now owns 16,166 shares of the insurance provider’s stock valued at $777,000 after buying an additional 200 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter valued at approximately $2,013,000. Institutional investors and hedge funds own 90.85% of the company’s stock.

Hartford Financial Services Group, Inc. (The) Company Profile

Analyst Recommendations for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

Receive News & Ratings for Hartford Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.