The Hartford Financial Services Group (NYSE:HIG) Price Target Cut to $78.00 by Analysts at Barclays

The Hartford Financial Services Group (NYSE:HIGGet Rating) had its price target cut by Barclays from $80.00 to $78.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “maintains” rating on the insurance provider’s stock. Barclays‘s price target points to a potential upside of 23.89% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Credit Suisse Group increased their price objective on shares of The Hartford Financial Services Group from $93.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, June 3rd. Morgan Stanley lowered their target price on shares of The Hartford Financial Services Group from $77.00 to $73.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Jefferies Financial Group cut their target price on shares of The Hartford Financial Services Group from $77.00 to $72.00 and set a “hold” rating on the stock in a research report on Tuesday, July 12th. Raymond James lifted their price target on shares of The Hartford Financial Services Group from $80.00 to $85.00 in a report on Tuesday, May 3rd. Finally, Citigroup started coverage on shares of The Hartford Financial Services Group in a research note on Monday, May 23rd. They set a “buy” rating and a $81.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.82.

The Hartford Financial Services Group Trading Down 0.7 %

The Hartford Financial Services Group stock opened at $62.96 on Monday. The Hartford Financial Services Group has a 52 week low of $61.59 and a 52 week high of $78.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $20.34 billion, a PE ratio of 10.36, a PEG ratio of 1.36 and a beta of 0.93. The business’s 50-day simple moving average is $66.38 and its 200-day simple moving average is $69.27.

The Hartford Financial Services Group (NYSE:HIGGet Rating) last announced its earnings results on Thursday, July 28th. The insurance provider reported $2.15 EPS for the quarter, topping the consensus estimate of $1.52 by $0.63. The Hartford Financial Services Group had a return on equity of 15.03% and a net margin of 9.42%. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same period in the previous year, the business earned $2.33 EPS. Equities research analysts forecast that The Hartford Financial Services Group will post 6.75 earnings per share for the current year.

Institutional Trading of The Hartford Financial Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of HIG. Nuveen Asset Management LLC grew its stake in shares of The Hartford Financial Services Group by 4.0% in the fourth quarter. Nuveen Asset Management LLC now owns 2,435,271 shares of the insurance provider’s stock worth $168,131,000 after acquiring an additional 94,622 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of The Hartford Financial Services Group by 2.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 6,725 shares of the insurance provider’s stock worth $483,000 after acquiring an additional 162 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth approximately $1,464,000. HHM Wealth Advisors LLC bought a new stake in shares of The Hartford Financial Services Group in the first quarter worth approximately $73,000. Finally, WINTON GROUP Ltd grew its stake in shares of The Hartford Financial Services Group by 104.7% in the fourth quarter. WINTON GROUP Ltd now owns 20,842 shares of the insurance provider’s stock worth $1,439,000 after acquiring an additional 10,660 shares during the period. 93.01% of the stock is currently owned by institutional investors.

About The Hartford Financial Services Group

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The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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