Hartford Financial Services Group, Inc. (The) (NYSE:HIG) has earned an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $56.91.

HIG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Thursday, August 31st. Buckingham Research initiated coverage on Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They issued a “buy” rating and a $63.00 target price on the stock. Zacks Investment Research upgraded Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Friday, September 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $54.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated a “hold” rating and issued a $55.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday.

A number of institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. lifted its holdings in Hartford Financial Services Group, Inc. (The) by 1.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider’s stock worth $216,000 after buying an additional 48 shares during the period. First Allied Advisory Services Inc. lifted its holdings in Hartford Financial Services Group, Inc. (The) by 0.5% during the second quarter. First Allied Advisory Services Inc. now owns 12,501 shares of the insurance provider’s stock worth $659,000 after buying an additional 58 shares during the period. Scotia Capital Inc. lifted its holdings in Hartford Financial Services Group, Inc. (The) by 0.3% during the second quarter. Scotia Capital Inc. now owns 33,319 shares of the insurance provider’s stock worth $1,751,000 after buying an additional 102 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Hartford Financial Services Group, Inc. (The) by 3.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,166 shares of the insurance provider’s stock worth $219,000 after buying an additional 127 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in Hartford Financial Services Group, Inc. (The) by 2.3% during the second quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock worth $343,000 after buying an additional 144 shares during the period. Institutional investors own 88.37% of the company’s stock.

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Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 54.88 on Wednesday. The firm has a 50-day moving average price of $54.79 and a 200-day moving average price of $52.57. 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 $19.99 billion, a price-to-earnings ratio of 30.12 and a beta of 0.91.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last announced its quarterly earnings data on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a return on equity of 8.23% and a net margin of 2.63%. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Analysts anticipate that Hartford Financial Services Group, Inc. will post $3.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 1.82%. This is a boost from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is 70.23%.

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

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

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