Several brokerages have updated their recommendations and price targets on shares of Hartford Financial Services Group, Inc. (The) (NYSE: HIG) in the last few weeks:

  • 8/1/2017 – Hartford Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $61.00 price target on the stock, up previously from $60.00.
  • 7/31/2017 – Hartford Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $62.00 price target on the stock. According to Zacks, “Hartford Financial’s earnings of $1.04 per share not only surpassed the Zacks Consensus Estimate but also grew over three times year over year. The rise was mainly driven the company’s share repurchase program. Year to date, shares have gained 15%, outperforming the industry which rallied only 8%. The company is well poised for long-term growth, given its strong foothold in the property and casualty market, actions taken to improve the risk profile and efficient capital deployments. Its capital management strategies also impress. However, its exposure to catastrophic events raises concern. Also, the weak Talcott Resolution segment is a drag. High loss ratio in the Personal lines segment is another headwind.”
  • 7/30/2017 – Hartford Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $58.00 price target on the stock.
  • 7/28/2017 – Hartford Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/12/2017 – Hartford Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $54.00 price target on the stock.
  • 7/11/2017 – Hartford Financial Services Group, Inc. (The) had its price target raised by analysts at FBR & Co from $49.00 to $54.00. They now have a “mkt perform” rating on the stock.
  • 7/6/2017 – Hartford Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The shares of Hartford Financial have gained 10.6% year to date, outperforming the Zacks categorized Multi Line Insurance industry that increased only 5.4%. The company is well poised for long-term growth, given its strong foothold in the property and casualty market, actions taken to improve risk profile and efficient capital deployments. Its capital management strategies also impress. The company has also been witnessing favorable estimate revision. Over past 30 days, the Zacks Consensus Estimate has significantly increased for the current quarter, the current year and also the next year. However, the company’s exposure to catastrophes and a challenging regulatory environment raise concern. Also, the weak Talcott Resolution segment is a drag. High loss ratio in the Personal lines segment is another headwind.”
  • 7/4/2017 – Hartford Financial Services Group, Inc. (The) had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
  • 7/3/2017 – Hartford Financial Services Group, Inc. (The) had its price target raised by analysts at Barclays PLC from $56.00 to $59.00. They now have an “overweight” rating on the stock.
  • 6/29/2017 – Hartford Financial Services Group, Inc. (The) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/28/2017 – Hartford Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “The shares of Hartford Financial have gained 9.5% year to date, outperforming the Zacks categorized Multi Line Insurance industry that increased only  3.4%. The company is well poised for long-term growth, given its strong foothold in the property and casualty market, actions taken to improve risk profile and efficient capital deployments. Its capital management strategies also impress. The compnany has also been witnessing favorable wstimate revision. Over past 30 days, the Zacks Consensus Estimate has significntly incresed for the current quarrter, the current year and also the next year. However, the company’s exposure to catastrophes and a challenging regulatory environment raise concern. Also, the weak Talcott Resolution segment is a drag. High loss ratio in the Personal lines segment is another headwind.”
  • 6/28/2017 – Hartford Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $58.00 price target on the stock.
  • 6/26/2017 – Hartford Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $58.00 price target on the stock, up previously from $54.00.
  • 6/17/2017 – Hartford Financial Services Group, Inc. (The) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Hartford Financial Services Group, Inc. (HIG) opened at 55.73 on Friday. Hartford Financial Services Group, Inc. has a 12 month low of $39.68 and a 12 month high of $56.60. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 30.59 and a beta of 0.93. The firm’s 50-day moving average price is $53.74 and its 200 day moving average price is $50.07.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The business had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business earned $0.31 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is 51.40%.

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