Hartford Financial Services Group (HIG) Receiving Positive Press Coverage, Study Shows

Media stories about Hartford Financial Services Group (NYSE:HIG) have trended positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hartford Financial Services Group earned a news impact score of 0.47 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.9402753943612 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

A number of research analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of Hartford Financial Services Group in a research report on Monday, December 4th. They issued a “neutral” rating and a $59.00 target price on the stock. UBS Group boosted their price target on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Wells Fargo & Co set a $55.00 price target on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a research note on Thursday, November 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $60.00 price target on shares of Hartford Financial Services Group in a research note on Tuesday, October 3rd. Finally, 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 note on Monday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.92.

Shares of Hartford Financial Services Group (NYSE HIG) opened at $55.29 on Friday. 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 has a fifty-two week low of $46.35 and a fifty-two week high of $58.61. The firm has a market capitalization of $19,651.63, a price-to-earnings ratio of 42.21, a P/E/G ratio of 1.36 and a beta of 0.99.

Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter last year, the company earned $1.06 earnings per share. Hartford Financial Services Group’s quarterly revenue was down .7% compared to the same quarter last year. analysts anticipate that Hartford Financial Services Group will post 3.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were issued a $0.25 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. Hartford Financial Services Group’s dividend payout ratio (DPR) is 76.34%.

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