Shares of Hartford Financial Services Group Inc (NYSE:HIG) have been assigned an average recommendation of “Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $62.70.

HIG has been the topic of several research analyst reports. Royal Bank of Canada increased their target price on shares of Hartford Financial Services Group to $68.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays set a $70.00 target price on shares of Hartford Financial Services Group and gave the stock a “buy” rating in a research note on Monday, August 12th. ValuEngine downgraded shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. B. Riley upped their price objective on shares of Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, UBS Group upped their price objective on shares of Hartford Financial Services Group from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th.

Shares of NYSE HIG opened at $59.00 on Friday. The firm has a market cap of $21.20 billion, a PE ratio of 13.63, a P/E/G ratio of 1.16 and a beta of 0.64. Hartford Financial Services Group has a 12-month low of $40.54 and a 12-month high of $61.23. The company’s fifty day simple moving average is $59.53 and its 200 day simple moving average is $55.94. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.27.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.22. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.07 billion. Hartford Financial Services Group had a net margin of 8.36% and a return on equity of 12.44%. Hartford Financial Services Group’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, equities analysts predict that Hartford Financial Services Group will post 5.32 earnings per share for the current year.

In other news, CEO Christopher Swift sold 24,279 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $60.32, for a total value of $1,464,509.28. Following the completion of the sale, the chief executive officer now owns 211,218 shares in the company, valued at $12,740,669.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Martha Gervasi sold 3,672 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $58.11, for a total transaction of $213,379.92. Following the completion of the sale, the executive vice president now owns 18,882 shares of the company’s stock, valued at approximately $1,097,233.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,481 shares of company stock worth $4,200,698. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in HIG. Nuveen Asset Management LLC raised its holdings in shares of Hartford Financial Services Group by 4,218.0% in the second quarter. Nuveen Asset Management LLC now owns 5,383,344 shares of the insurance provider’s stock valued at $299,960,000 after purchasing an additional 5,258,671 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Hartford Financial Services Group by 8.1% in the second quarter. BlackRock Inc. now owns 30,044,477 shares of the insurance provider’s stock valued at $1,674,077,000 after purchasing an additional 2,257,147 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Hartford Financial Services Group by 1,515.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,760,081 shares of the insurance provider’s stock valued at $98,069,000 after purchasing an additional 1,651,139 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hartford Financial Services Group by 15.5% in the second quarter. Bank of New York Mellon Corp now owns 5,644,890 shares of the insurance provider’s stock valued at $314,533,000 after purchasing an additional 758,207 shares during the last quarter. Finally, Banco Santander S.A. purchased a new stake in shares of Hartford Financial Services Group in the second quarter valued at about $27,742,000. Institutional investors own 91.48% of the company’s stock.

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. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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

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