Hartford Financial Services Group, Inc. (The) (NYSE:HIG)‘s stock had its “buy” rating reissued by research analysts at Royal Bank Of Canada in a report issued on Wednesday, July 12th. They presently have a $54.00 target price on the insurance provider’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 3.52% from the stock’s previous close.

HIG has been the subject of a number of other reports. ValuEngine upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, July 4th. Deutsche Bank AG initiated coverage on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 target price on the stock. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Finally, J P Morgan Chase & Co dropped their target price on shares of Hartford Financial Services Group, Inc. (The) from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Hartford Financial Services Group, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $54.67.

Hartford Financial Services Group, Inc. (HIG) opened at 55.97 on Wednesday. The firm’s 50-day moving average price is $52.96 and its 200 day moving average price is $49.72. The company has a market capitalization of $20.39 billion, a price-to-earnings ratio of 30.72 and a beta of 0.93. Hartford Financial Services Group, Inc. has a 12-month low of $39.68 and a 12-month high of $56.32.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The company had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business posted $0.31 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Hartford Financial Services Group, Inc. will post $4.26 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock valued at $103,000 after buying an additional 1,000 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Hartford Financial Services Group, Inc. (The) during the second quarter valued at approximately $119,000. Quadrant Capital Group LLC boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock valued at $106,000 after buying an additional 10 shares in the last quarter. Hartford Financial Management Inc. boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock valued at $127,000 after buying an additional 2,203 shares in the last quarter. Finally, Ledyard National Bank boosted its position in shares of Hartford Financial Services Group, Inc. (The) by 168.9% in the second quarter. Ledyard National Bank now owns 3,343 shares of the insurance provider’s stock valued at $176,000 after buying an additional 2,100 shares in the last quarter. 90.85% of the stock is currently owned by hedge funds and other institutional investors.

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

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

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