Roth Mkm Raises The Hartford Financial Services Group (NYSE:HIG) Price Target to $95.00

The Hartford Financial Services Group (NYSE:HIG) had its price objective increased by Roth Mkm from $90.00 to $95.00 in a research report report published on Friday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the insurance provider’s stock.

A number of other equities analysts also recently issued reports on the company. UBS Group raised their price target on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a buy rating in a research note on Monday, February 5th. Evercore ISI boosted their price target on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an in-line rating in a research note on Thursday, April 11th. Citigroup raised their price objective on shares of The Hartford Financial Services Group from $109.00 to $113.00 and gave the stock a buy rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of The Hartford Financial Services Group from $91.00 to $104.00 and gave the company a neutral rating in a report on Monday, April 8th. Finally, Piper Sandler reiterated an overweight rating and set a $115.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, April 1st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $105.44.

The Hartford Financial Services Group Trading Up 1.9 %

Shares of NYSE:HIG opened at $97.07 on Friday. The Hartford Financial Services Group has a 1 year low of $67.05 and a 1 year high of $103.64. The stock’s fifty day moving average price is $98.58 and its 200-day moving average price is $86.64. The company has a market cap of $28.71 billion, a P/E ratio of 11.03, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.09). The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 20.64%. The company had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts expect that The Hartford Financial Services Group will post 10.11 earnings per share for the current year.

The Hartford Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s payout ratio is currently 21.36%.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total value of $1,344,600.00. Following the sale, the executive vice president now directly owns 8,201 shares in the company, valued at approximately $735,137.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP David C. Robinson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the completion of the transaction, the executive vice president now directly owns 8,201 shares of the company’s stock, valued at $735,137.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the completion of the sale, the chief financial officer now directly owns 69,169 shares in the company, valued at approximately $6,600,105.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,501 shares of company stock worth $10,141,126. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On The Hartford Financial Services Group

Institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC grew its position in The Hartford Financial Services Group by 113.2% in the third quarter. AE Wealth Management LLC now owns 6,826 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 3,625 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of The Hartford Financial Services Group by 8.7% in the 3rd quarter. Caprock Group LLC now owns 4,106 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 329 shares during the period. Czech National Bank increased its position in shares of The Hartford Financial Services Group by 45.5% during the 3rd quarter. Czech National Bank now owns 53,451 shares of the insurance provider’s stock valued at $3,790,000 after purchasing an additional 16,725 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in The Hartford Financial Services Group by 4.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 39,729 shares of the insurance provider’s stock valued at $2,817,000 after buying an additional 1,594 shares during the period. Finally, Connecticut Wealth Management LLC lifted its position in The Hartford Financial Services Group by 25.6% in the third quarter. Connecticut Wealth Management LLC now owns 10,754 shares of the insurance provider’s stock worth $763,000 after buying an additional 2,193 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.