Investors purchased shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) on weakness during trading hours on Monday. $27.85 million flowed into the stock on the tick-up and $10.27 million flowed out of the stock on the tick-down, for a money net flow of $17.58 million into the stock. Of all equities tracked, Hartford Financial Services Group, Inc. (The) had the 22nd highest net in-flow for the day. Hartford Financial Services Group, Inc. (The) traded down ($0.02) for the day and closed at $54.05

Several analysts have issued reports on HIG shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research report on Wednesday, July 12th. Deutsche Bank AG started coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, June 6th. They set a “buy” rating and a $60.00 price target on the stock. ValuEngine raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group set a $51.00 price target on shares of Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, July 4th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.50.

The company has a market cap of $19.26 billion, a P/E ratio of 29.02 and a beta of 0.92. The firm’s 50-day moving average is $54.94 and its 200 day moving average is $50.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued 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 company had revenue of $4.77 billion for the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, equities research analysts predict that Hartford Financial Services Group, Inc. will post $4.25 EPS for the current fiscal year.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 51.40%.

A number of institutional investors have recently made changes to their positions in HIG. Westside Investment Management Inc. raised its stake in Hartford Financial Services Group, Inc. (The) by 85.8% in the 1st quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 1,000 shares during the period. Dupont Capital Management Corp bought a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at about $119,000. Sun Life Financial INC raised its stake in Hartford Financial Services Group, Inc. (The) by 26,810.0% in the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 2,681 shares during the period. Hartford Financial Management Inc. raised its stake in Hartford Financial Services Group, Inc. (The) by 5.7% in the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 150 shares during the period. Finally, Howard Hughes Medical Institute bought a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at about $148,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

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About Hartford Financial Services Group, Inc. (The)

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