Hartford Financial Services Group, Inc. (The) (NYSE:HIG)‘s stock had its “hold” rating reiterated by Wells Fargo & Company in a note issued to investors on Monday. They currently have a $55.00 price objective on the insurance provider’s stock. Wells Fargo & Company’s price target points to a potential downside of 2.64% from the company’s current price.

Other equities analysts have also recently issued reports about the company. BidaskClub upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. UBS AG restated a “buy” rating and issued a $58.00 target price (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, June 26th. Buckingham Research assumed coverage on 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. Keefe, Bruyette & Woods restated a “buy” rating and issued a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Sunday, July 30th. Finally, Zacks Investment Research cut Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $57.08.

Shares of Hartford Financial Services Group, Inc. (HIG) opened at 56.49 on Monday. The stock has a market capitalization of $20.58 billion, a P/E ratio of 31.00 and a beta of 0.91. The stock has a 50 day moving average price of $54.79 and a 200 day moving average price of $52.41. Hartford Financial Services Group, Inc. has a 12 month low of $42.30 and a 12 month high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Friday, October 27th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS. On average, analysts anticipate that Hartford Financial Services Group, Inc. will post $3.78 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. boosted its position in Hartford Financial Services Group, Inc. (The) by 85.8% during the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in Hartford Financial Services Group, Inc. (The) during the second quarter valued at $119,000. Quadrant Capital Group LLC boosted its position in Hartford Financial Services Group, Inc. (The) by 0.4% during the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 10 shares during the last quarter. Hartford Financial Management Inc. boosted its position in Hartford Financial Services Group, Inc. (The) by 489.6% during the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 2,203 shares during the last quarter. Finally, Sun Life Financial INC boosted its position in Hartford Financial Services Group, Inc. (The) by 26,810.0% during the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after purchasing an additional 2,681 shares during the last quarter. 88.36% of the stock is owned by institutional investors and hedge funds.

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

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

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