Hartford Financial Services Group, Inc. (The) (NYSE:HIG) has earned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $57.09.

Several equities research analysts have recently commented on the stock. Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They issued a “buy” rating and a $63.00 target price for the company. BidaskClub raised shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Sunday, July 30th. Zacks Investment Research raised shares of Hartford Financial Services Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $62.00 price target for the company in a research report on Monday, July 31st. Finally, Barclays PLC lifted their price target on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, August 11th.

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Large investors have recently added to or reduced their stakes in the business. Dupont Capital Management Corp bought a new stake in Hartford Financial Services Group, Inc. (The) during the 2nd quarter valued at about $119,000. Sun Life Financial INC increased its stake in Hartford Financial Services Group, Inc. (The) by 26,810.0% during the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after purchasing an additional 2,681 shares in the last quarter. Hartford Financial Management Inc. increased its stake in Hartford Financial Services Group, Inc. (The) by 5.7% during the 2nd quarter. Hartford Financial Management Inc. now owns 2,803 shares of the insurance provider’s stock valued at $147,000 after purchasing an additional 150 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in Hartford Financial Services Group, Inc. (The) during the 2nd quarter valued at about $148,000. Finally, Wesbanco Bank Inc. bought a new stake in Hartford Financial Services Group, Inc. (The) during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Hartford Financial Services Group, Inc. (HIG) traded down $0.31 during trading hours on Friday, hitting $55.78. 1,129,181 shares of the stock traded hands, compared to its average volume of 2,354,142. Hartford Financial Services Group, Inc. has a 12-month low of $46.35 and a 12-month high of $57.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $19,900.00, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.60 and a beta of 0.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period last year, the company posted $1.06 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. equities research analysts expect that Hartford Financial Services Group, Inc. will post 3.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.25 per share. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 70.23%.

About Hartford Financial Services Group, Inc. (The)

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

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