Hartford Financial Services Group (HIG) Given a $55.00 Price Target by Wells Fargo & Company Analysts

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

Several other analysts also recently commented on HIG. Goldman Sachs Group assumed coverage on shares of Hartford Financial Services Group in a research report on Monday. They set a neutral rating and a $59.00 price objective on the stock. Barclays raised their price objective on shares of Hartford Financial Services Group from $59.00 to $61.00 and gave the company an overweight rating in a research report on Friday, August 11th. BidaskClub upgraded shares of Hartford Financial Services Group from a hold rating to a buy rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods restated a buy rating and set a $60.00 price objective on shares of Hartford Financial Services Group in a research report on Tuesday, October 3rd. Finally, B. Riley restated a neutral rating on shares of Hartford Financial Services Group in a research report on Monday, November 6th. Seven investment analysts have rated the stock with 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 $57.54.

Shares of Hartford Financial Services Group (NYSE HIG) traded down $0.93 during mid-day trading on Monday, hitting $56.50. 4,029,300 shares of the stock traded hands, compared to its average volume of 2,341,259. The company has a market cap of $20,486.35, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. Hartford Financial Services Group has a 12-month low of $46.35 and a 12-month 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.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.06 EPS. equities analysts expect that Hartford Financial Services Group will post 3.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a $0.25 dividend. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group’s payout ratio is currently 76.34%.

A number of hedge funds and other institutional investors have recently made changes to their positions in HIG. Acadian Asset Management LLC increased its holdings in Hartford Financial Services Group by 126.1% in the 2nd quarter. Acadian Asset Management LLC now owns 12,967 shares of the insurance provider’s stock valued at $682,000 after acquiring an additional 7,233 shares during the last quarter. Rothschild Asset Management Inc. grew its stake in shares of Hartford Financial Services Group by 19.6% in the 2nd quarter. Rothschild Asset Management Inc. now owns 14,035 shares of the insurance provider’s stock worth $738,000 after buying an additional 2,297 shares in the last quarter. Sei Investments Co. grew its stake in shares of Hartford Financial Services Group by 13.7% in the 2nd quarter. Sei Investments Co. now owns 112,790 shares of the insurance provider’s stock worth $5,929,000 after buying an additional 13,605 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Hartford Financial Services Group by 2.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock worth $343,000 after buying an additional 144 shares in the last quarter. Finally, AT Bancorp grew its stake in shares of Hartford Financial Services Group by 1.4% in the 2nd quarter. AT Bancorp now owns 31,103 shares of the insurance provider’s stock worth $1,634,000 after buying an additional 418 shares in the last quarter. Institutional investors own 88.62% of the company’s stock.

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Hartford Financial Services Group Company Profile

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

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