Goldman Sachs Group initiated coverage on shares of Hartford Financial Services Group (NYSE:HIG) in a report issued on Monday. The firm issued a neutral rating and a $59.00 price objective on the insurance provider’s stock.

A number of other brokerages have also issued reports on HIG. UBS upped their price target on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the company a buy rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Hartford Financial Services Group from a hold rating to a buy rating in a research note on Saturday, August 12th. Wells Fargo & Company set a $55.00 price target on shares of Hartford Financial Services Group and gave the company a hold rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a hold rating to a buy rating and set a $60.00 price target on the stock in a research note on Thursday, September 14th. Finally, Keefe, Bruyette & Woods restated 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Hartford Financial Services Group presently has an average rating of Buy and a consensus price target of $57.54.

Shares of Hartford Financial Services Group (NYSE HIG) traded down $0.93 during trading on Monday, reaching $56.50. 4,029,300 shares of the company’s stock were exchanged, compared to its average volume of 2,341,259. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. Hartford Financial Services Group has a twelve month low of $46.35 and a twelve month high of $58.61. The firm has a market cap of $20,486.35, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.68 billion. During the same quarter in the prior year, the business posted $1.06 EPS. Hartford Financial Services Group’s revenue for the quarter was down .7% compared to the same quarter last year. equities research analysts anticipate that Hartford Financial Services Group will post 3.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 30th. Hartford Financial Services Group’s dividend payout ratio is 76.34%.

Several hedge funds have recently added to or reduced their stakes in HIG. Acadian Asset Management LLC boosted its holdings in shares of 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. boosted its holdings 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 valued at $738,000 after acquiring an additional 2,297 shares during the last quarter. Sei Investments Co. boosted its holdings in Hartford Financial Services Group by 13.7% during the second 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. boosted its holdings in Hartford Financial Services Group by 2.3% during the second 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 boosted its holdings in Hartford Financial Services Group by 1.4% during the second 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. 88.62% of the stock is currently owned by institutional investors and hedge funds.

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About Hartford Financial Services Group

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

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