Hartford Financial Services Group (NYSE:HIG) PT Set at $55.00 by Wells Fargo & Company

Wells Fargo & Company set a $55.00 price target on Hartford Financial Services Group (NYSE:HIG) in a report published on Thursday, November 16th. The firm currently has a hold rating on the insurance provider’s stock.

Several other research analysts have also commented on the stock. B. Riley restated a neutral rating on shares of Hartford Financial Services Group in a report on Monday, November 6th. UBS upped their price objective on shares of Hartford Financial Services Group from $60.00 to $62.00 and gave the stock a buy rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a sell rating to a hold rating in a report on Tuesday, October 24th. Barclays upped their target price on shares of Hartford Financial Services Group from $61.00 to $64.00 and gave the stock an overweight rating in a research report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $60.00 target price on shares of Hartford Financial Services Group in a research report on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Hartford Financial Services Group has a consensus rating of Buy and an average price target of $57.54.

Hartford Financial Services Group (HIG) traded down $0.93 during trading hours on Thursday, reaching $56.50. 4,029,309 shares of the company were exchanged, compared to its average volume of 2,341,259. Hartford Financial Services Group has a 52 week low of $46.35 and a 52 week high of $58.61. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $20,486.35, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.67 and a beta of 0.98.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the business earned $1.06 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. research analysts predict that Hartford Financial Services Group will post 3.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors 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 1.77%. 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 76.34%.

A number of hedge funds have recently made changes to their positions in HIG. Fisher Asset Management LLC grew its position in Hartford Financial Services Group by 2.3% during the 2nd quarter. Fisher Asset Management LLC now owns 10,671 shares of the insurance provider’s stock valued at $561,000 after purchasing an additional 245 shares during the last quarter. State of Alaska Department of Revenue grew its position in Hartford Financial Services Group by 7.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,118 shares of the insurance provider’s stock valued at $531,000 after purchasing an additional 660 shares during the last quarter. LS Investment Advisors LLC grew its position in Hartford Financial Services Group by 3.3% during the 2nd quarter. LS Investment Advisors LLC now owns 17,681 shares of the insurance provider’s stock valued at $929,000 after purchasing an additional 563 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Hartford Financial Services Group by 55.7% during the 2nd quarter. North Star Investment Management Corp. now owns 5,505 shares of the insurance provider’s stock valued at $289,000 after acquiring an additional 1,970 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Hartford Financial Services Group by 10.0% during the 2nd quarter. Aperio Group LLC now owns 237,939 shares of the insurance provider’s stock valued at $12,508,000 after acquiring an additional 21,637 shares during the last quarter. 88.62% of the stock is currently owned by institutional investors.

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