Hartford Financial Services Group, Inc. (The) (NYSE:HIG) – FBR & Co issued their Q3 2017 earnings estimates for shares of Hartford Financial Services Group, Inc. (The) in a research report issued to clients and investors on Tuesday. FBR & Co analyst R. Binner expects that the insurance provider will earn $0.53 per share for the quarter. FBR & Co has a “Mkt Perform” rating and a $54.00 price objective on the stock. FBR & Co also issued estimates for Hartford Financial Services Group, Inc. (The)’s FY2017 earnings at $3.60 EPS.

Several other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Buckingham Research began coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, September 11th. They issued a “buy” rating and a $63.00 target price on the stock. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Barclays PLC upped their target price on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.00.

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Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 55.87 on Thursday. Hartford Financial Services Group, Inc. has a 52-week low of $42.30 and a 52-week high of $57.16. The company has a market capitalization of $20.35 billion, a P/E ratio of 30.66 and a beta of 0.91. The firm’s 50 day moving average is $54.50 and its 200-day moving average is $52.02.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The firm 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%. Hartford Financial Services Group, Inc. (The)’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of HIG. Janus Henderson Group PLC lifted its position in Hartford Financial Services Group, Inc. (The) by 5,984.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,181,908 shares of the insurance provider’s stock worth $167,272,000 after buying an additional 3,129,613 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Hartford Financial Services Group, Inc. (The) by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after buying an additional 2,730,796 shares in the last quarter. FMR LLC lifted its position in Hartford Financial Services Group, Inc. (The) by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock valued at $372,144,000 after purchasing an additional 1,284,664 shares during the period. Vanguard Group Inc. lifted its position in Hartford Financial Services Group, Inc. (The) by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 36,359,323 shares of the insurance provider’s stock valued at $1,747,791,000 after purchasing an additional 1,177,520 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Hartford Financial Services Group, Inc. (The) during the 1st quarter valued at about $42,367,000. Institutional investors and hedge funds own 88.23% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 1.65%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 51.40%.

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

Earnings History and Estimates for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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