The Hartford Financial Services Group (NYSE:HIG) PT Raised to $86.00

The Hartford Financial Services Group (NYSE:HIG – Get Rating) had its price objective upped by research analysts at Barclays from $85.00 to $86.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Barclays‘s price target would indicate a potential upside of 14.13% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company lifted their price objective on shares of The Hartford Financial Services Group from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 4th. StockNews.com assumed coverage on shares of The Hartford Financial Services Group in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Morgan Stanley reduced their price target on The Hartford Financial Services Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, January 14th. Finally, JPMorgan Chase & Co. reduced their price target on The Hartford Financial Services Group from $79.00 to $76.00 in a research report on Thursday, January 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $79.92.

Shares of NYSE HIG opened at $75.35 on Tuesday. The firm has a market cap of $24.99 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. The business’s 50 day moving average is $70.64 and its 200-day moving average is $70.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.28. The Hartford Financial Services Group has a 1-year low of $59.86 and a 1-year high of $78.17.

The Hartford Financial Services Group (NYSE:HIG – Get Rating) last issued its quarterly earnings data on Thursday, February 3rd. The insurance provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.50. The Hartford Financial Services Group had a return on equity of 12.39% and a net margin of 10.56%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the firm posted $1.76 EPS. Analysts forecast that The Hartford Financial Services Group will post 6.81 EPS for the current year.

In other The Hartford Financial Services Group news, EVP Robert W. Paiano sold 8,510 shares of the stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $638,250.00. Following the completion of the sale, the executive vice president now directly owns 37,142 shares in the company, valued at approximately $2,785,650. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Scott R. Lewis sold 5,000 shares of the stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $75.00, for a total value of $375,000.00. Following the sale, the senior vice president now owns 20,121 shares of the company’s stock, valued at $1,509,075. The disclosure for this sale can be found here. 1.55% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Seelaus Asset Management LLC acquired a new stake in The Hartford Financial Services Group during the 1st quarter worth about $323,000. Insight Wealth Strategies LLC grew its stake in shares of The Hartford Financial Services Group by 14.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 15,920 shares of the insurance provider’s stock valued at $1,143,000 after buying an additional 2,005 shares during the period. Atlas Private Wealth Advisors acquired a new stake in shares of The Hartford Financial Services Group in the 1st quarter valued at about $329,000. DNB Asset Management AS grew its stake in shares of The Hartford Financial Services Group by 15.1% in the 1st quarter. DNB Asset Management AS now owns 351,617 shares of the insurance provider’s stock valued at $25,250,000 after buying an additional 46,136 shares during the period. Finally, Fieldpoint Private Securities LLC boosted its stake in The Hartford Financial Services Group by 2.6% during the 1st quarter. Fieldpoint Private Securities LLC now owns 6,502 shares of the insurance provider’s stock valued at $467,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

The Hartford Financial Services Group Company Profile (Get Rating)

The Hartford Financial Services Group, Inc is an insurance and financial services company. The company provides life insurance, group and employee benefits, automobile and homeowners insurance and business insurance, as well as investment products, annuities, mutual funds, and college savings plans. It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds.

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