Wells Fargo & Company set a $55.00 price target on Hartford Financial Services Group, Inc. (The) (NYSE:HIG) in a report issued on Thursday. The firm currently has a hold rating on the insurance provider’s stock.

HIG has been the subject of several other reports. BidaskClub downgraded shares of Hartford Financial Services Group, Inc. (The) from a buy rating to a hold rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Hartford Financial Services Group, Inc. (The) from a hold rating to a buy rating and set a $60.00 price objective for the company in a research report on Thursday, September 14th. Deutsche Bank AG restated a buy rating and set a $61.00 price objective (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, August 1st. UBS AG boosted their price objective on shares of Hartford Financial Services Group, Inc. (The) from $60.00 to $62.00 and gave the company a buy rating in a research report on Wednesday, November 1st. Finally, Barclays PLC boosted their price objective on shares of Hartford Financial Services Group, Inc. (The) from $61.00 to $64.00 and gave the company an overweight rating in a research report on Monday, October 16th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hartford Financial Services Group, Inc. (The) has an average rating of Buy and an average target price of $57.42.

Hartford Financial Services Group, Inc. (NYSE HIG) traded up $0.13 during midday trading on Thursday, hitting $56.14. 1,443,313 shares of the stock were exchanged, compared to its average volume of 2,364,844. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group, Inc. has a 52 week low of $46.35 and a 52 week high of $57.16. The firm has a market capitalization of $20,020.00, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. research analysts predict that Hartford Financial Services Group, Inc. will post 3.67 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, November 30th. This is a boost from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. Hartford Financial Services Group, Inc. (The)’s payout ratio is presently 70.23%.

Several hedge funds and other institutional investors have recently bought and sold shares of HIG. Dupont Capital Management Corp bought a new stake in shares of Hartford Financial Services Group, Inc. (The) during the second quarter worth $119,000. Sun Life Financial INC grew its stake in shares of Hartford Financial Services Group, Inc. (The) by 26,810.0% in the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 2,681 shares during the last quarter. Hartford Financial Management Inc. grew its stake in shares of Hartford Financial Services Group, Inc. (The) by 5.7% in the second quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock worth $147,000 after purchasing an additional 150 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Hartford Financial Services Group, Inc. (The) in the second quarter worth $148,000. Finally, HM Capital Management LLC bought a new stake in shares of Hartford Financial Services Group, Inc. (The) in the second quarter worth $205,000. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

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

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

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