Hartford Financial Services Group (NYSE:HIG) was upgraded by B. Riley from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $60.00 price target on the insurance provider’s stock, up from their prior price target of $55.00. B. Riley’s target price suggests a potential upside of 17.83% from the company’s previous close.

Several other research firms have also issued reports on HIG. Credit Suisse Group began coverage on Hartford Financial Services Group in a report on Tuesday, August 7th. They issued a “neutral” rating and a $57.00 target price for the company. Zacks Investment Research lowered Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. ValuEngine lowered Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Evercore ISI assumed coverage on Hartford Financial Services Group in a report on Thursday, June 7th. They set an “inline” rating and a $57.00 price objective for the company. Finally, TheStreet raised Hartford Financial Services Group from a “c” rating to a “b” rating in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Hartford Financial Services Group presently has a consensus rating of “Hold” and an average price target of $58.91.

Shares of Hartford Financial Services Group stock opened at $50.92 on Monday. The company has a market capitalization of $18.25 billion, a PE ratio of 18.58, a P/E/G ratio of 1.13 and a beta of 0.94. Hartford Financial Services Group has a 52 week low of $48.79 and a 52 week high of $59.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.29 and a quick ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, July 26th. The insurance provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.02 by $0.11. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.63 billion. Hartford Financial Services Group had a positive return on equity of 9.84% and a negative net margin of 12.24%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. equities research analysts predict that Hartford Financial Services Group will post 4.76 earnings per share for the current fiscal year.

In other news, EVP David C. Robinson sold 2,395 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $52.88, for a total value of $126,647.60. Following the completion of the transaction, the executive vice president now directly owns 21,398 shares of the company’s stock, valued at $1,131,526.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Beth Ann Bombara sold 23,906 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $52.63, for a total value of $1,258,172.78. Following the completion of the transaction, the chief financial officer now directly owns 52,291 shares of the company’s stock, valued at $2,752,075.33. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its holdings in shares of Hartford Financial Services Group by 14.2% in the second quarter. California Public Employees Retirement System now owns 1,330,087 shares of the insurance provider’s stock worth $68,007,000 after acquiring an additional 164,973 shares during the period. Unigestion Holding SA bought a new position in shares of Hartford Financial Services Group in the second quarter worth $20,503,000. PGGM Investments boosted its holdings in shares of Hartford Financial Services Group by 7.8% in the second quarter. PGGM Investments now owns 1,195,414 shares of the insurance provider’s stock worth $61,122,000 after acquiring an additional 86,414 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Hartford Financial Services Group by 7.5% in the second quarter. Captrust Financial Advisors now owns 23,067 shares of the insurance provider’s stock worth $1,185,000 after acquiring an additional 1,612 shares during the period. Finally, Stephens Inc. AR boosted its holdings in shares of Hartford Financial Services Group by 7.0% in the second quarter. Stephens Inc. AR now owns 108,571 shares of the insurance provider’s stock worth $5,551,000 after acquiring an additional 7,095 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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