Equities research analysts at Citigroup started coverage on shares of Hartford Financial Services Group (NYSE:HIG) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $59.00 price target on the insurance provider’s stock. Citigroup’s target price would indicate a potential upside of 4.70% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $60.00 target price on shares of Hartford Financial Services Group in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Hartford Financial Services Group 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. Buckingham Research started coverage on shares of Hartford Financial Services Group in a research report on Monday, September 11th. They set a “buy” rating and a $63.00 target price on the stock. UBS raised their price target on Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, BidaskClub downgraded Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $58.92.
Hartford Financial Services Group (NYSE HIG) traded down $0.38 during trading on Wednesday, reaching $56.35. 2,977,906 shares of the company’s stock traded hands, compared to its average volume of 2,378,639. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $19,847.83, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. Hartford Financial Services Group has a 52-week low of $46.35 and a 52-week high of $58.61.
Several large investors have recently modified their holdings of HIG. Andra AP fonden grew its position in Hartford Financial Services Group by 1.6% during the second quarter. Andra AP fonden now owns 113,300 shares of the insurance provider’s stock worth $5,956,000 after buying an additional 1,800 shares in the last quarter. PGGM Investments grew its position in Hartford Financial Services Group by 195.7% during the third quarter. PGGM Investments now owns 752,785 shares of the insurance provider’s stock worth $41,727,000 after buying an additional 498,249 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in Hartford Financial Services Group during the second quarter worth about $30,080,000. Carret Asset Management LLC grew its position in Hartford Financial Services Group by 20.8% during the second quarter. Carret Asset Management LLC now owns 82,380 shares of the insurance provider’s stock worth $4,331,000 after buying an additional 14,188 shares in the last quarter. Finally, Bellwether Investment Group LLC acquired a new stake in Hartford Financial Services Group during the second quarter worth about $332,000. 88.52% of the stock is currently owned by institutional investors.
About Hartford Financial Services Group
