Hartford Financial Services Group, Inc. (The) (HIG) Earning Favorable Press Coverage, Report Shows

News coverage about Hartford Financial Services Group, Inc. (The) (NYSE:HIG) has been trending positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hartford Financial Services Group, Inc. (The) earned a news sentiment score of 0.39 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.5206600233829 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

• Is The Hartford Financial Services Group, Inc. (HIG) Stock is Risky? – Stocks Gallery (stocksgallery.com)
• The Hartford Financial Services Group, Inc. (HIG) stock down move … – Voice Of Analysts (analystsbuzz.com)
• RPT-Hail, pummeled cars loom over US insurance results – Nasdaq (nasdaq.com)
• Hartford Financial Services : The Hartford Declares Quarterly Dividend of $0.23 Per Share of Common Stock (4-traders.com)
• NA Has $139000 Position in Hartford Financial Services Group, Inc (hoyentv.com)

Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 0.382% during trading on Tuesday, reaching $53.905. 417,511 shares of the company’s stock were exchanged. Hartford Financial Services Group, Inc. has a 52-week low of $38.92 and a 52-week high of $54.20. The stock’s 50 day moving average price is $52.28 and its 200 day moving average price is $49.47. The firm has a market cap of $19.80 billion, a P/E ratio of 21.922 and a beta of 0.93.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Thursday, April 27th. The insurance provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by $0.02. Hartford Financial Services Group, Inc. (The) had a net margin of 5.12% and a return on equity of 7.48%. The firm had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the business earned $0.78 earnings per share. Hartford Financial Services Group, Inc. (The)’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that Hartford Financial Services Group, Inc. will post $4.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, August 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 37.70%.

Several research analysts have issued reports on HIG shares. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Thursday, April 6th. Wells Fargo & Company reiterated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, April 18th. Deutsche Bank AG assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Tuesday, June 6th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Credit Suisse Group set a $51.00 target price on shares of Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, June 6th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $54.25.

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