Hartford Financial Services Group (NYSE:HIG) Price Target Raised to $65.00 at UBS Group
Hartford Financial Services Group (NYSE:HIG) had its price target boosted by UBS Group from $61.00 to $65.00 in a research report report published on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the insurance provider’s stock.
A number of other analysts also recently commented on the company. Barclays set a $34.00 target price on DCP Midstream and gave the stock a hold rating in a research report on Wednesday, May 22nd. TheStreet upgraded ExOne from a d rating to a c rating in a research report on Thursday, March 14th. Goldman Sachs Group upgraded Koninklijke KPN from a neutral rating to a buy rating in a research report on Wednesday, May 29th. B. Riley set a $20.00 target price on AMC Entertainment and gave the stock a buy rating in a research report on Wednesday, June 26th. Finally, ValuEngine downgraded Yara International ASA from a hold rating to a sell rating in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Hartford Financial Services Group has a consensus rating of Buy and a consensus target price of $59.46.
HIG traded down $0.31 during trading on Wednesday, reaching $56.86. 1,582,700 shares of the stock were exchanged, compared to its average volume of 2,134,061. The stock’s 50 day moving average price is $54.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $20.65 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.68. Hartford Financial Services Group has a 1 year low of $40.54 and a 1 year high of $57.38.
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were issued a $0.30 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.11%. Hartford Financial Services Group’s dividend payout ratio (DPR) is 27.71%.
In other news, insider Brion S. Johnson sold 32,094 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $55.72, for a total value of $1,788,277.68. Following the completion of the transaction, the insider now directly owns 51,499 shares of the company’s stock, valued at $2,869,524.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Trevor Fetter purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $52.19 per share, with a total value of $521,900.00. Following the completion of the acquisition, the director now owns 50,945 shares of the company’s stock, valued at $2,658,819.55. The disclosure for this purchase can be found here. Over the last three months, insiders sold 92,326 shares of company stock valued at $5,076,750. Insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Hartford Financial Services Group in the fourth quarter valued at $152,722,000. Amundi Pioneer Asset Management Inc. increased its stake in Hartford Financial Services Group by 87.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,337,548 shares of the insurance provider’s stock valued at $148,354,000 after purchasing an additional 1,554,179 shares during the last quarter. Rothschild & Co. Asset Management US Inc. acquired a new position in Hartford Financial Services Group in the first quarter valued at $54,961,000. D. E. Shaw & Co. Inc. increased its stake in Hartford Financial Services Group by 36.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,066,068 shares of the insurance provider’s stock valued at $180,736,000 after purchasing an additional 1,091,969 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Hartford Financial Services Group by 136.4% in the first quarter. Neuberger Berman Group LLC now owns 1,744,032 shares of the insurance provider’s stock valued at $86,714,000 after purchasing an additional 1,006,409 shares during the last quarter. 89.86% of the stock is owned by institutional investors.
Hartford Financial Services Group Company Profile
The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.
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