Hartford Financial Services Group Inc (NYSE:HIG)‘s stock had its “outperform” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a report released on Thursday.

Other analysts have also issued reports about the stock. Credit Suisse Group AG set a $53.00 price objective on shares of Hartford Financial Services Group and gave the company a “hold” rating in a research note on Saturday, April 1st. JPMorgan Chase & Co. dropped their target price on Hartford Financial Services Group from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. FBR & Co upped their target price on Hartford Financial Services Group from $47.00 to $49.00 and gave the company a “mkt perform” rating in a report on Monday, February 13th. Wells Fargo & Co restated a “hold” rating on shares of Hartford Financial Services Group in a report on Wednesday, March 29th. Finally, Royal Bank of Canada upgraded Hartford Financial Services Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $46.00 to $54.00 in a report on Thursday, December 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.55.

Analyst Recommendations for Hartford Financial Services Group (NYSE:HIG)

Shares of Hartford Financial Services Group (NYSE:HIG) traded down 0.73% during mid-day trading on Thursday, hitting $47.28. 2,367,598 shares of the company traded hands. The firm has a 50-day moving average price of $48.27 and a 200 day moving average price of $47.19. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 20.83 and a beta of 1.22. Hartford Financial Services Group has a 52-week low of $38.92 and a 52-week high of $50.26.



Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, February 2nd. The insurance provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.14. Hartford Financial Services Group had a net margin of 4.90% and a return on equity of 7.40%. The company earned $4.54 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities research analysts anticipate that Hartford Financial Services Group will post $4.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 6th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.92 annualized dividend and a yield of 1.95%. Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 41.26%.

COPYRIGHT VIOLATION WARNING: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/04/21/hartford-financial-services-groups-hig-outperform-rating-reaffirmed-at-keefe-bruyette-woods-updated.html.

In related news, Director Teresa Wynn Roseborough purchased 1,005 shares of the stock in a transaction on Wednesday, March 1st. The shares were bought at an average price of $49.72 per share, for a total transaction of $49,968.60. Following the completion of the acquisition, the director now directly owns 5,755 shares in the company, valued at approximately $286,138.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.23% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Marathon Asset Management LLP boosted its stake in Hartford Financial Services Group by 22.7% in the third quarter. Marathon Asset Management LLP now owns 680,534 shares of the insurance provider’s stock valued at $29,274,000 after buying an additional 125,974 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in Hartford Financial Services Group by 3.6% in the third quarter. Stoneridge Investment Partners LLC now owns 147,286 shares of the insurance provider’s stock valued at $6,307,000 after buying an additional 5,100 shares in the last quarter. World Asset Management Inc boosted its stake in Hartford Financial Services Group by 0.4% in the third quarter. World Asset Management Inc now owns 40,274 shares of the insurance provider’s stock valued at $1,725,000 after buying an additional 142 shares in the last quarter. DnB Asset Management AS boosted its stake in Hartford Financial Services Group by 2.4% in the third quarter. DnB Asset Management AS now owns 34,773 shares of the insurance provider’s stock valued at $1,489,000 after buying an additional 800 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Hartford Financial Services Group by 2.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 60,368 shares of the insurance provider’s stock valued at $2,585,000 after buying an additional 1,216 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.

About Hartford Financial Services Group

5 Day Chart for NYSE:HIG

Receive News & Stock Ratings for Hartford Financial Services Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group Inc and related stocks with our FREE daily email newsletter.