Hartford Financial Services Group, Inc. (The) (NYSE:HIG)‘s stock had its “buy” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday. They currently have a $60.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 8.26% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. Deutsche Bank AG reissued a “buy” rating and issued a $61.00 price objective (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, August 1st. BidaskClub cut Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, June 28th. Finally, UBS AG restated a “buy” rating and set a $58.00 price objective (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $57.00.

Hartford Financial Services Group, Inc. (HIG) traded down 0.32% on Tuesday, hitting $55.42. The stock had a trading volume of 2,262,695 shares. The firm has a market capitalization of $20.19 billion, a price-to-earnings ratio of 30.42 and a beta of 0.91. Hartford Financial Services Group, Inc. has a 1-year low of $42.30 and a 1-year high of $57.16. The stock’s 50-day moving average is $54.53 and its 200 day moving average is $51.71.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, equities research analysts predict that Hartford Financial Services Group, Inc. will post $3.65 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gerstein Fisher boosted its position in Hartford Financial Services Group, Inc. (The) by 5.0% during the third quarter. Gerstein Fisher now owns 12,448 shares of the insurance provider’s stock valued at $570,000 after purchasing an additional 592 shares in the last quarter. Pegasus Partners purchased a new position in shares of Hartford Financial Services Group, Inc. (The) in the 4th quarter worth approximately $560,000. Creative Planning grew its position in shares of Hartford Financial Services Group, Inc. (The) by 0.6% in the 4th quarter. Creative Planning now owns 31,647 shares of the insurance provider’s stock worth $1,375,000 after buying an additional 196 shares during the last quarter. CIBC World Markets grew its position in shares of Hartford Financial Services Group, Inc. (The) by 10.5% in the 4th quarter. CIBC World Markets now owns 185,226 shares of the insurance provider’s stock worth $8,050,000 after buying an additional 17,639 shares during the last quarter. Finally, Capstone Asset Management Company grew its position in shares of Hartford Financial Services Group, Inc. (The) by 5.9% in the 4th quarter. Capstone Asset Management Company now owns 59,839 shares of the insurance provider’s stock worth $2,601,000 after buying an additional 3,359 shares during the last quarter. Hedge funds and other institutional investors own 88.23% of the company’s stock.

Hartford Financial Services Group, Inc. (The) Company Profile

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

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