Shares of Hartford Financial Services Group Inc (NYSE:HIG) have earned an average recommendation of “Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $64.55.
A number of analysts have weighed in on HIG shares. MKM Partners upped their target price on Hartford Financial Services Group to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Co restated a “hold” rating and set a $58.00 target price on shares of Hartford Financial Services Group in a report on Monday, November 4th. Royal Bank of Canada lowered Hartford Financial Services Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $70.00 to $68.00 in a report on Thursday, December 5th. Zacks Investment Research upgraded Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, November 7th. Finally, Evercore ISI upgraded Hartford Financial Services Group from an “in-line” rating to an “outperform” rating in a report on Wednesday, October 16th.
Hartford Financial Services Group stock traded down $0.21 during mid-day trading on Monday, reaching $61.07. 1,192,828 shares of the company were exchanged, compared to its average volume of 1,628,734. The business has a fifty day moving average of $60.41 and a 200 day moving average of $58.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $21.96 billion, a P/E ratio of 14.10, a PEG ratio of 1.17 and a beta of 0.64. Hartford Financial Services Group has a 12-month low of $40.54 and a 12-month high of $62.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. Hartford Financial Services Group’s dividend payout ratio is presently 27.71%.
In related news, EVP Brion S. Johnson sold 3,316 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $60.06, for a total value of $199,158.96. Following the completion of the transaction, the executive vice president now owns 36,863 shares in the company, valued at approximately $2,213,991.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert W. Paiano sold 3,011 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $59.26, for a total value of $178,431.86. Following the completion of the transaction, the executive vice president now owns 31,367 shares of the company’s stock, valued at approximately $1,858,808.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,814 shares of company stock valued at $4,924,427. Company insiders own 1.70% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC purchased a new position in Hartford Financial Services Group in the 3rd quarter worth $25,000. Venturi Wealth Management LLC purchased a new position in Hartford Financial Services Group in the 3rd quarter worth $28,000. Virtus ETF Advisers LLC purchased a new position in Hartford Financial Services Group in the 2nd quarter worth $26,000. Rational Advisors LLC raised its stake 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 worth $28,000 after acquiring an additional 456 shares during the last quarter. Finally, KCS Wealth Advisory purchased a new position in Hartford Financial Services Group in the 3rd quarter worth $32,000. Institutional investors own 90.27% 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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