Shares of Hartford Financial Services Group Inc (NYSE:HIG) have earned an average rating of “Buy” from the fifteen analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $57.45.

A number of research firms have recently weighed in on HIG. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $60.00 price target on shares of Hartford Financial Services Group in a research note on Thursday, August 31st. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $55.00 price target on shares of Hartford Financial Services Group in a research note on Monday, October 23rd. BidaskClub downgraded shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Buckingham Research began coverage on shares of Hartford Financial Services Group in a research note on Monday, September 11th. They issued a “buy” rating and a $63.00 price target on the stock.

A number of institutional investors have recently bought and sold shares of HIG. Dupont Capital Management Corp acquired a new position in Hartford Financial Services Group during the second quarter worth $119,000. Sun Life Financial INC increased its position in Hartford Financial Services Group by 26,810.0% during the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock worth $141,000 after buying an additional 2,681 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in Hartford Financial Services Group during the second quarter worth $148,000. Wesbanco Bank Inc. acquired a new position in Hartford Financial Services Group during the third quarter worth $206,000. Finally, Bahl & Gaynor Inc. bought a new stake in Hartford Financial Services Group during the second quarter valued at about $207,000. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

Hartford Financial Services Group (NYSE HIG) traded up $0.54 during midday trading on Thursday, hitting $55.75. 4,566,898 shares of the stock were exchanged, compared to its average volume of 2,148,517. Hartford Financial Services Group has a 1-year low of $46.35 and a 1-year high of $58.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $19,887.08, a P/E ratio of 14.99, a PEG ratio of 1.64 and a beta of 0.98.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the business posted $1.06 earnings per share. Hartford Financial Services Group’s revenue for the quarter was down .7% compared to the same quarter last year. analysts anticipate that Hartford Financial Services Group will post 3.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.79%. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group’s dividend payout ratio is presently 76.34%.

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About Hartford Financial Services Group

Analyst Recommendations for Hartford Financial Services Group (NYSE:HIG)

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