Wells Fargo & Co set a $53.00 target price on Hartford Financial Services Group (NYSE:HIG) in a research note released on Wednesday morning. The brokerage currently has a hold rating on the insurance provider’s stock.

A number of other research firms also recently issued reports on HIG. Barclays lowered their price objective on shares of Hartford Financial Services Group from $64.00 to $59.00 and set an overweight rating on the stock in a report on Monday, November 12th. Credit Suisse Group set a $56.00 price objective on shares of Hartford Financial Services Group and gave the company a hold rating in a report on Wednesday, November 14th. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a buy rating to a hold rating in a report on Wednesday, September 5th. Langen Mcalenn upgraded shares of Hartford Financial Services Group from a neutral rating to a buy rating in a report on Tuesday. Finally, Janney Montgomery Scott upgraded shares of Hartford Financial Services Group from a neutral rating to a buy rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $57.00.

Shares of HIG opened at $41.63 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. Hartford Financial Services Group has a twelve month low of $41.13 and a twelve month high of $59.20. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 0.98 and a beta of 0.92.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.11. Hartford Financial Services Group had a negative net margin of 11.09% and a positive return on equity of 12.20%. The company had revenue of $4.80 billion for the quarter. Analysts anticipate that Hartford Financial Services Group will post 4.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.88%. Hartford Financial Services Group’s payout ratio is 43.80%.

In related news, EVP David C. Robinson sold 2,395 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $45.62, for a total transaction of $109,259.90. Following the transaction, the executive vice president now directly owns 19,003 shares in the company, valued at $866,916.86. The sale was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Hartford Financial Services Group by 8,566.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,080 shares of the insurance provider’s stock worth $106,000 after buying an additional 2,056 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Hartford Financial Services Group during the third quarter worth $125,000. Hartford Financial Management Inc. acquired a new position in Hartford Financial Services Group during the second quarter worth $143,000. Wedbush Securities Inc. acquired a new position in Hartford Financial Services Group during the third quarter worth $213,000. Finally, Dupont Capital Management Corp increased its holdings in Hartford Financial Services Group by 52.2% during the second quarter. Dupont Capital Management Corp now owns 4,200 shares of the insurance provider’s stock worth $215,000 after buying an additional 1,441 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

About Hartford Financial Services Group

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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