The Hartford Financial Services Group Inc. (NYSE:HIG) – Stock analysts at FBR & Co dropped their Q3 2016 EPS estimates for shares of The Hartford Financial Services Group in a research note issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the brokerage will post earnings per share of $0.92 for the quarter, down from their prior estimate of $0.96. FBR & Co has a “Outperform” rating and a $47.00 price target on the stock. FBR & Co also issued estimates for The Hartford Financial Services Group’s FY2016 earnings at $3.25 EPS.

Other research analysts have also issued reports about the stock. Credit Suisse Group AG set a $51.00 target price on shares of The Hartford Financial Services Group and gave the stock a “buy” rating in a research report on Monday, September 12th. Mizuho upped their target price on shares of The Hartford Financial Services Group from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. MKM Partners lowered their target price on shares of The Hartford Financial Services Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of The Hartford Financial Services Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Finally, Evercore ISI initiated coverage on shares of The Hartford Financial Services Group in a research report on Wednesday, July 6th. They issued a “hold” rating and a $47.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.83.

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

The Hartford Financial Services Group (NYSE:HIG) traded up 0.35% during mid-day trading on Wednesday, hitting $43.40. The company’s stock had a trading volume of 993,423 shares. The company’s 50 day moving average is $42.39 and its 200-day moving average is $43.23. The Hartford Financial Services Group has a 52-week low of $36.54 and a 52-week high of $49.41. The stock has a market cap of $16.75 billion, a P/E ratio of 13.31 and a beta of 1.35.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.49. The Hartford Financial Services Group had a net margin of 7.39% and a return on equity of 7.27%. The business earned $1.88 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the business earned $0.91 EPS. The business’s revenue was down .2% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of the company. Johnson Financial Group Inc. increased its position in The Hartford Financial Services Group by 259.6% in the second quarter. Johnson Financial Group Inc. now owns 2,528 shares of the company’s stock worth $112,000 after buying an additional 1,825 shares in the last quarter. Euclid Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the second quarter worth approximately $120,000. Global X Management Co. LLC increased its position in shares of The Hartford Financial Services Group by 126.1% in the second quarter. Global X Management Co. LLC now owns 2,761 shares of the company’s stock worth $123,000 after buying an additional 1,540 shares in the last quarter. MUFG Americas Holdings Corp increased its position in shares of The Hartford Financial Services Group by 14.4% in the second quarter. MUFG Americas Holdings Corp now owns 2,869 shares of the company’s stock worth $127,000 after buying an additional 362 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the second quarter worth approximately $134,000. 89.61% of the stock is currently owned by institutional investors.

In other The Hartford Financial Services Group news, Director H Patrick Swygert sold 7,500 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $40.35, for a total transaction of $302,625.00. Following the transaction, the director now owns 34,745 shares of the company’s stock, valued at $1,401,960.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.23% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Tuesday, August 30th. The Hartford Financial Services Group’s dividend payout ratio is currently 25.93%.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

5 Day Chart for NYSE:HIG

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