Hartford Financial Services Group, Inc. (The) (NYSE:HIG)‘s stock had its “buy” rating restated by investment analysts at Keefe, Bruyette & Woods in a research note issued on Tuesday. They currently have a $60.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 8.26% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. BidaskClub cut Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, September 14th. Deutsche Bank AG reiterated a “buy” rating and issued a $61.00 price objective (up previously from $60.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, August 1st. Credit Suisse Group set a $51.00 price objective on Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, June 6th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Hartford Financial Services Group, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $57.00.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded down 0.32% on Tuesday, hitting $55.42. The stock had a trading volume of 2,262,695 shares. The firm’s 50-day moving average price is $54.53 and its 200 day moving average price is $51.71. Hartford Financial Services Group, Inc. has a 52-week low of $42.30 and a 52-week high of $57.16. The firm has a market cap of $20.19 billion, a PE ratio of 30.42 and a beta of 0.91.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the company posted $0.31 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Hartford Financial Services Group, Inc. will post $3.65 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the second quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock valued at $1,919,716,000 after buying an additional 158,023 shares in the last quarter. JPMorgan Chase & Co. raised its position in Hartford Financial Services Group, Inc. (The) by 10.0% in the second quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after acquiring an additional 2,730,796 shares in the last quarter. Bank of New York Mellon Corp raised its position in Hartford Financial Services Group, Inc. (The) by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock worth $395,789,000 after acquiring an additional 53,677 shares in the last quarter. FMR LLC raised its position in Hartford Financial Services Group, Inc. (The) by 22.2% in the second quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after acquiring an additional 1,284,664 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Hartford Financial Services Group, Inc. (The) by 0.3% in the second quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock worth $323,895,000 after acquiring an additional 21,037 shares in the last quarter. 88.23% of the stock is owned by institutional investors and hedge funds.

About Hartford Financial Services Group, Inc. (The)

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

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