The Hartford Financial Services Group Inc. (NYSE:HIG) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the stock. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $48.20.

HIG has been the topic of a number of recent analyst reports. FBR & Co reissued a “buy” rating on shares of The Hartford Financial Services Group in a research report on Friday, July 29th. Evercore ISI initiated coverage on The Hartford Financial Services Group in a research report on Wednesday, July 6th. They set a “hold” rating and a $47.00 price target on the stock. Wells Fargo & Co. downgraded The Hartford Financial Services Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 26th. They noted that the move was a valuation call. Mizuho boosted their price target on The Hartford Financial Services Group from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Credit Suisse Group AG set a $51.00 price target on The Hartford Financial Services Group and gave the stock a “buy” rating in a research report on Tuesday, August 23rd.

In other The Hartford Financial Services Group news, Director H Patrick Swygert sold 7,500 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $40.35, for a total transaction of $302,625.00. Following the completion of the sale, the director now directly owns 34,745 shares in the company, valued at $1,401,960.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.23% of the company’s stock.

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Large investors have recently added to or reduced their stakes in the company. BKD Wealth Advisors LLC boosted its stake in The Hartford Financial Services Group by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 8,689 shares of the company’s stock valued at $386,000 after buying an additional 35 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in The Hartford Financial Services Group by 1.2% in the first quarter. Stratos Wealth Partners LTD. now owns 4,961 shares of the company’s stock valued at $229,000 after buying an additional 57 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in The Hartford Financial Services Group by 0.5% in the second quarter. Concert Wealth Management Inc. now owns 17,652 shares of the company’s stock valued at $778,000 after buying an additional 88 shares during the last quarter. Mackenzie Financial Corp boosted its stake in The Hartford Financial Services Group by 0.5% in the second quarter. Mackenzie Financial Corp now owns 19,061 shares of the company’s stock valued at $846,000 after buying an additional 100 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC boosted its stake in The Hartford Financial Services Group by 0.8% in the second quarter. Gyroscope Capital Management Group LLC now owns 14,031 shares of the company’s stock valued at $623,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Shares of The Hartford Financial Services Group (NYSE:HIG) traded down 0.17% during mid-day trading on Tuesday, hitting $41.97. The company’s stock had a trading volume of 1,663,829 shares. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 12.87 and a beta of 1.44. The Hartford Financial Services Group has a 1-year low of $36.54 and a 1-year high of $49.41. The company has a 50-day moving average of $40.69 and a 200 day moving average of $43.54.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.49. The company earned $1.88 billion during the quarter, compared to analyst estimates of $4.71 billion. The Hartford Financial Services Group had a net margin of 7.39% and a return on equity of 7.27%. The Hartford Financial Services Group’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. On average, analysts expect that The Hartford Financial Services Group will post $3.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, August 30th. The Hartford Financial Services Group’s payout ratio is presently 25.93%.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

5 Day Chart for NYSE:HIG

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