Equities researchers at Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) in a report released on Monday. The firm set a “buy” rating and a $63.00 price target on the insurance provider’s stock. Buckingham Research’s price target indicates a potential upside of 17.01% from the company’s current price.

HIG has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, July 4th. ValuEngine raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Deutsche Bank AG assumed coverage on Hartford Financial Services Group, Inc. (The) in a report on Tuesday, June 6th. They set a “buy” rating and a $60.00 target price for the company. BidaskClub raised Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Finally, Barclays PLC upped their target price on Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Hartford Financial Services Group, Inc. (The) has an average rating of “Buy” and a consensus target price of $57.09.

Hartford Financial Services Group, Inc. (HIG) opened at 53.84 on Monday. Hartford Financial Services Group, Inc. has a 52 week low of $41.40 and a 52 week high of $57.16. The stock has a market capitalization of $19.61 billion, a P/E ratio of 29.55 and a beta of 0.92. The firm has a 50 day moving average price of $54.84 and a 200 day moving average price of $51.08.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.10. The company had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.30 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. Equities research analysts predict that Hartford Financial Services Group, Inc. will post $4.23 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of HIG. Janus Henderson Group PLC boosted its stake in Hartford Financial Services Group, Inc. (The) by 5,984.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,181,908 shares of the insurance provider’s stock valued at $167,272,000 after purchasing an additional 3,129,613 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Hartford Financial Services Group, Inc. (The) by 10.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock valued at $1,580,827,000 after purchasing an additional 2,730,796 shares in the last quarter. FMR LLC boosted its stake in Hartford Financial Services Group, Inc. (The) by 22.2% during the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock valued at $372,144,000 after purchasing an additional 1,284,664 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hartford Financial Services Group, Inc. (The) by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 36,359,323 shares of the insurance provider’s stock valued at $1,747,791,000 after purchasing an additional 1,177,520 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Hartford Financial Services Group, Inc. (The) during the 1st quarter valued at $42,367,000. 88.25% of the stock is 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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