The Hartford Financial Services Group, Inc. (NYSE:HIG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of The Hartford Financial Services Group, Inc. (NYSE:HIGGet Free Report) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $105.88.

Several analysts recently commented on the stock. TD Cowen raised their price objective on shares of The Hartford Financial Services Group to $144.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Roth Mkm boosted their price target on The Hartford Financial Services Group from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Royal Bank of Canada raised their price objective on The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Morgan Stanley decreased their target price on The Hartford Financial Services Group from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Keefe, Bruyette & Woods raised their price target on The Hartford Financial Services Group from $114.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th.

Check Out Our Latest Report on HIG

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $101.28 on Tuesday. The stock has a market capitalization of $29.95 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.83 and a beta of 0.90. The business’s 50 day moving average is $100.09 and its two-hundred day moving average is $90.27. The Hartford Financial Services Group has a 12-month low of $67.42 and a 12-month high of $103.64. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.29.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The Hartford Financial Services Group had a return on equity of 20.64% and a net margin of 10.87%. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the company earned $1.68 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Research analysts expect that The Hartford Financial Services Group will post 9.94 EPS for the current year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd will be paid a $0.47 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.88 annualized dividend and a yield of 1.86%. The Hartford Financial Services Group’s payout ratio is currently 21.36%.

Insiders Place Their Bets

In related news, CFO Beth Ann Costello sold 38,915 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 69,169 shares in the company, valued at $6,600,105.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Beth Ann Costello sold 38,915 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $95.42, for a total value of $3,713,269.30. Following the sale, the chief financial officer now directly owns 69,169 shares of the company’s stock, valued at $6,600,105.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael R. Fisher sold 27,004 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The disclosure for this sale can be found here. Insiders have sold a total of 166,052 shares of company stock valued at $16,346,296 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GoalVest Advisory LLC raised its holdings in shares of The Hartford Financial Services Group by 464.8% in the 4th quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 251 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in The Hartford Financial Services Group during the fourth quarter valued at approximately $26,000. New Covenant Trust Company N.A. purchased a new stake in The Hartford Financial Services Group during the first quarter worth approximately $26,000. CVA Family Office LLC acquired a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $27,000. Finally, Chilton Capital Management LLC purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter valued at $28,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

About The Hartford Financial Services Group

(Get Free Report

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.

See Also

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

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