Hartford Financial Services Group (NYSE:HIG) received a $70.00 price target from equities researchers at Barclays in a research note issued on Monday, TipRanks reports. The firm presently has a “buy” rating on the insurance provider’s stock. Barclays‘s price target would indicate a potential upside of 21.89% from the company’s previous close.

Several other analysts have also recently commented on the company. Buckingham Research upped their target price on Hartford Financial Services Group from $60.00 to $63.00 and gave the company a “buy” rating in a report on Friday, July 19th. Goldman Sachs Group upgraded Hartford Financial Services Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.00 to $64.00 in a report on Wednesday, May 29th. UBS Group upped their target price on Hartford Financial Services Group from $61.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Zacks Investment Research cut Hartford Financial Services Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Morgan Stanley upped their target price on Hartford Financial Services Group from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.69.

Shares of Hartford Financial Services Group stock traded down $1.47 on Monday, hitting $57.43. The stock had a trading volume of 1,087,143 shares, compared to its average volume of 2,105,129. The company has a 50 day moving average of $57.25. Hartford Financial Services Group has a twelve month low of $40.54 and a twelve month high of $59.17. The stock has a market capitalization of $21.10 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.18 and a beta of 0.67. 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 announced its earnings results on Thursday, August 1st. The insurance provider reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.22. Hartford Financial Services Group had a return on equity of 12.44% and a net margin of 8.36%. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Hartford Financial Services Group will post 5.24 earnings per share for the current year.

In other Hartford Financial Services Group news, insider William A. Bloom sold 7,927 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.48, for a total transaction of $431,862.96. Following the transaction, the insider now directly owns 23,440 shares in the company, valued at approximately $1,277,011.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert B. Allardice III sold 9,500 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $58.22, for a total value of $553,090.00. Following the transaction, the director now owns 21,684 shares in the company, valued at $1,262,442.48. The disclosure for this sale can be found here. Insiders have sold a total of 103,959 shares of company stock worth $5,805,656 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of HIG. Virtus ETF Advisers LLC purchased a new stake in Hartford Financial Services Group in the 2nd quarter valued at $26,000. NuWave Investment Management LLC raised its position in Hartford Financial Services Group by 950.0% in the 2nd quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after buying an additional 456 shares during the last quarter. Rational Advisors LLC raised its position in Hartford Financial Services Group by 950.0% in the 2nd quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock valued at $28,000 after buying an additional 456 shares during the last quarter. Harvest Group Wealth Management LLC purchased a new stake in Hartford Financial Services Group in the 1st quarter valued at $33,000. Finally, Icon Wealth Partners LLC purchased a new stake in Hartford Financial Services Group in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 90.71% of the company’s stock.

About Hartford Financial Services Group

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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