Hartford Financial Services Group, Inc. (The) (HIG) Price Target Increased to $64.00 by Analysts at Barclays PLC

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) had its price target boosted by Barclays PLC from $61.00 to $64.00 in a report released on Monday. The brokerage currently has an overweight rating on the insurance provider’s stock.

Several other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods reiterated a buy rating and issued a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a hold rating to a sell rating in a report on Tuesday, October 3rd. Buckingham Research began coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, September 11th. They issued a buy rating and a $63.00 target price on the stock. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a buy rating to a hold rating in a report on Friday, August 25th. Finally, Deutsche Bank AG reiterated a buy rating and issued a $61.00 target price (up from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $57.27.

Hartford Financial Services Group, Inc. (NYSE:HIG) traded down 0.05% during mid-day trading on Monday, reaching $56.05. 400,403 shares of the company were exchanged. Hartford Financial Services Group, Inc. has a 1-year low of $42.30 and a 1-year high of $57.16. The company has a market capitalization of $20.42 billion, a price-to-earnings ratio of 30.76 and a beta of 0.91. The company has a 50 day moving average of $54.54 and a 200-day moving average of $52.18.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.10. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. Hartford Financial Services Group, Inc. (The)’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. On average, equities research analysts forecast that Hartford Financial Services Group, Inc. will post $3.78 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 51.40%.

Institutional investors have recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at approximately $119,000. Sun Life Financial INC raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 26,810.0% in the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 2,681 shares during the period. Hartford Financial Management Inc. raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 5.7% in the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 150 shares during the period. Howard Hughes Medical Institute purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at approximately $148,000. Finally, Ledyard National Bank raised its stake in shares of Hartford Financial Services Group, Inc. (The) by 168.9% in the 2nd quarter. Ledyard National Bank now owns 3,343 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 2,100 shares during the period. 88.36% of the stock is currently owned by institutional investors and hedge funds.

About Hartford Financial Services Group, Inc. (The)

Analyst Recommendations for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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