Credit Suisse Group upgraded shares of Hartford Financial Services Group (NYSE:HIG) from a neutral rating to an outperform rating in a report released on Tuesday. Credit Suisse Group currently has $65.00 price target on the insurance provider’s stock.

A number of other equities analysts have also weighed in on HIG. Keefe, Bruyette & Woods reissued a buy rating and set a $60.00 price objective on shares of Hartford Financial Services Group in a research note on Thursday, August 31st. Buckingham Research initiated coverage on Hartford Financial Services Group in a research note on Monday, September 11th. They set a buy rating and a $63.00 price objective on the stock. Wells Fargo & Company reissued a hold rating and set a $55.00 price objective on shares of Hartford Financial Services Group in a research note on Monday, October 23rd. Zacks Investment Research raised Hartford Financial Services Group from a hold rating to a buy rating and set a $61.00 price objective on the stock in a research note on Friday, September 22nd. Finally, UBS boosted their price objective on Hartford Financial Services Group from $60.00 to $62.00 and gave the stock a buy rating in a research note on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $58.92.

Shares of Hartford Financial Services Group (HIG) opened at $56.73 on Tuesday. 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 1-year low of $46.35 and a 1-year high of $58.61. The company has a market capitalization of $19,847.83, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.64 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, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. equities research analysts anticipate that Hartford Financial Services Group will post 3.57 EPS for the current 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, November 30th. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. Hartford Financial Services Group’s payout ratio is currently 76.34%.

Several hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its holdings in shares of Hartford Financial Services Group by 13.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,330,142 shares of the insurance provider’s stock valued at $73,730,000 after buying an additional 157,782 shares during the period. GSA Capital Partners LLP acquired a new position in Hartford Financial Services Group during the 3rd quarter worth $492,000. Cetera Advisor Networks LLC acquired a new position in Hartford Financial Services Group during the 3rd quarter worth $401,000. California Public Employees Retirement System grew its stake in Hartford Financial Services Group by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 1,174,021 shares of the insurance provider’s stock worth $65,076,000 after purchasing an additional 42,330 shares in the last quarter. Finally, Crestline Management LP acquired a new position in Hartford Financial Services Group during the 3rd quarter worth $3,856,000. Hedge funds and other institutional investors own 88.52% 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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