Wells Fargo & Company Analysts Give Hartford Financial Services Group, Inc. (The) (HIG) a $55.00 Price Target

Wells Fargo & Company set a $55.00 price objective on Hartford Financial Services Group, Inc. (The) (NYSE:HIG) in a research note released on Thursday. The firm currently has a hold rating on the insurance provider’s stock.

HIG has been the topic of several other research reports. Keefe, Bruyette & Woods reissued a buy rating and issued a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research note on Thursday, August 31st. Zacks Investment Research lowered Hartford Financial Services Group, Inc. (The) from a hold rating to a sell rating in a research note on Tuesday, October 17th. Barclays PLC increased their target price on Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an overweight rating in a research note on Friday, August 11th. BidaskClub lowered Hartford Financial Services Group, Inc. (The) from a buy rating to a hold rating in a research note on Friday, August 25th. Finally, Buckingham Research assumed coverage on Hartford Financial Services Group, Inc. (The) in a research note on Monday, September 11th. They issued a buy rating and a $63.00 target price on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $57.42.

Hartford Financial Services Group, Inc. (HIG) opened at $56.14 on Thursday. Hartford Financial Services Group, Inc. has a one year low of $46.35 and a one year high of $57.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $20,026.19, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a return on equity of 8.21% and a net margin of 2.63%. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. equities research analysts expect that Hartford Financial Services Group, Inc. will post 3.67 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, November 30th. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 70.23%.

A number of institutional investors have recently made changes to their positions in HIG. Dupont Capital Management Corp acquired a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at approximately $119,000. Sun Life Financial INC raised its position in Hartford Financial Services Group, Inc. (The) by 26,810.0% in the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after buying an additional 2,681 shares during the last quarter. Hartford Financial Management Inc. raised its position in Hartford Financial Services Group, Inc. (The) by 5.7% in the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after buying an additional 150 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at approximately $148,000. Finally, HM Capital Management LLC acquired a new stake in Hartford Financial Services Group, Inc. (The) in the 2nd quarter valued at approximately $205,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

About Hartford Financial Services Group, Inc. (The)

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

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