Hartford Financial Services Group (NYSE:HIG) had its target price increased by UBS Group from $61.00 to $65.00 in a report published on Wednesday, Stock Target Advisor reports. UBS Group currently has a buy rating on the insurance provider’s stock.
HIG has been the topic of several other research reports. Barclays set a $34.00 target price on DCP Midstream and gave the company a hold rating in a research note on Wednesday, May 22nd. TheStreet raised ExOne from a d rating to a c rating in a research note on Thursday, March 14th. Wells Fargo & Co reiterated a hold rating and set a $70.00 price target on shares of Church & Dwight in a report on Thursday, May 2nd. B. Riley set a $20.00 price target on AMC Entertainment and gave the company a buy rating in a report on Wednesday, June 26th. Finally, Zacks Investment Research lowered GreenTree Hospitality Group from a buy rating to a hold rating in a report on Monday, May 20th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $59.46.
NYSE:HIG opened at $57.49 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. Hartford Financial Services Group has a fifty-two week low of $40.54 and a fifty-two week high of $57.54. The firm’s 50-day simple moving average is $55.03. The stock has a market cap of $20.78 billion, a PE ratio of 13.28, a PEG ratio of 1.18 and a beta of 0.68.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.20 annualized dividend and a yield of 2.09%. Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 27.71%.
In related news, Director Trevor Fetter bought 10,000 shares of Hartford Financial Services Group stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $52.19 per share, for a total transaction of $521,900.00. Following the acquisition, the director now owns 50,945 shares in the company, valued at $2,658,819.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brion S. Johnson sold 32,094 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $55.72, for a total value of $1,788,277.68. Following the completion of the sale, the insider now owns 51,499 shares of the company’s stock, valued at $2,869,524.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,326 shares of company stock valued at $5,076,750. Corporate insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Harvest Group Wealth Management LLC acquired a new stake in Hartford Financial Services Group in the 1st quarter worth approximately $33,000. Icon Wealth Partners LLC acquired a new position in shares of Hartford Financial Services Group during the first quarter worth approximately $33,000. Pinnacle Bank acquired a new position in shares of Hartford Financial Services Group during the fourth quarter worth approximately $35,000. Horan Capital Advisors LLC. acquired a new position in shares of Hartford Financial Services Group during the first quarter worth approximately $37,000. Finally, Riverview Trust Co lifted its holdings in shares of Hartford Financial Services Group by 55.8% during the first quarter. Riverview Trust Co now owns 849 shares of the insurance provider’s stock worth $42,000 after buying an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 89.86% of the company’s stock.
Hartford Financial Services Group Company Profile
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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