The Hartford Financial Services Group Inc. (NYSE:HIG) has earned an average rating of “Hold” from the fourteen analysts that are currently covering the company. Nine research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $47.50.

Several research firms have recently issued reports on HIG. Zacks Investment Research upgraded The Hartford Financial Services Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 27th. FBR & Co decreased their price target on The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Atlantic Securities cut The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $45.00 in a research report on Wednesday, August 10th. Barclays PLC reissued an “overweight” rating and set a $47.00 price objective (up previously from $46.00) on shares of The Hartford Financial Services Group in a research report on Saturday, October 1st. Finally, Bank of America Corp. cut The Hartford Financial Services Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 16th.

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Shares of The Hartford Financial Services Group (NYSE:HIG) traded up 0.693% on Wednesday, hitting $47.245. The stock had a trading volume of 1,417,206 shares. The Hartford Financial Services Group has a 1-year low of $36.54 and a 1-year high of $48.17. The firm’s 50-day moving average is $44.86 and its 200 day moving average is $43.25. The stock has a market cap of $17.85 billion, a P/E ratio of 13.627 and a beta of 1.24.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.11. The company earned $4.70 billion during the quarter, compared to the consensus estimate of $4.68 billion. The Hartford Financial Services Group had a return on equity of 7.49% and a net margin of 7.65%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. Equities analysts forecast that The Hartford Financial Services Group will post $3.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 1st will be given a $0.23 dividend. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, November 29th. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 24.28%.

In other news, SVP Scott R. Lewis sold 5,868 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $44.16, for a total value of $259,130.88. Following the transaction, the senior vice president now directly owns 12,812 shares in the company, valued at approximately $565,777.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.23% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of The Hartford Financial Services Group by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 29,839,369 shares of the company’s stock valued at $1,277,723,000 after buying an additional 8,835,456 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of The Hartford Financial Services Group by 0.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,216,371 shares of the company’s stock valued at $542,163,000 after buying an additional 63,383 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of The Hartford Financial Services Group by 3.7% in the third quarter. BlackRock Fund Advisors now owns 6,407,528 shares of the company’s stock valued at $274,370,000 after buying an additional 227,514 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of The Hartford Financial Services Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,576,802 shares of the company’s stock valued at $203,092,000 after buying an additional 14,157 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of The Hartford Financial Services Group during the third quarter valued at approximately $160,429,000. Institutional investors and hedge funds own 88.68% of the company’s stock.

The Hartford Financial Services Group Company Profile

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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