The Hartford Financial Services Group (NYSE:HIG) Price Target Increased to $90.00 by Analysts at Roth Mkm

The Hartford Financial Services Group (NYSE:HIGGet Free Report) had its price objective hoisted by equities researchers at Roth Mkm from $80.00 to $90.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Roth Mkm’s price target would suggest a potential downside of 0.35% from the company’s previous close.

Several other analysts also recently commented on HIG. Morgan Stanley increased their target price on The Hartford Financial Services Group from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. cut The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $94.00 to $91.00 in a research report on Monday, January 8th. Raymond James increased their price objective on The Hartford Financial Services Group from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. TD Cowen began coverage on shares of The Hartford Financial Services Group in a report on Wednesday, January 10th. They set an “outperform” rating on the stock. Finally, Piper Sandler raised their price target on shares of The Hartford Financial Services Group from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.14.

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The Hartford Financial Services Group Trading Up 3.7 %

NYSE HIG opened at $90.32 on Friday. The Hartford Financial Services Group has a 12 month low of $64.25 and a 12 month high of $91.85. The stock’s fifty day moving average price is $81.70 and its 200-day moving average price is $75.92. The stock has a market cap of $27.17 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.28 and a beta of 0.87. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The insurance provider reported $3.06 EPS for the quarter, beating the consensus estimate of $2.44 by $0.62. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 20.28%. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same period in the prior year, the firm posted $2.31 EPS. The Hartford Financial Services Group’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts forecast that The Hartford Financial Services Group will post 9.73 EPS for the current fiscal year.

Insider Transactions at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 69,248 shares of The Hartford Financial Services Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $78.09, for a total transaction of $5,407,576.32. Following the transaction, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at approximately $13,289,356.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 323,049 shares of company stock worth $26,629,540 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Hartford Financial Services Group

Several large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of The Hartford Financial Services Group by 7.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,704 shares of the insurance provider’s stock worth $1,271,000 after buying an additional 1,185 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of The Hartford Financial Services Group by 9.1% in the first quarter. D.A. Davidson & CO. now owns 3,952 shares of the insurance provider’s stock worth $284,000 after buying an additional 330 shares in the last quarter. Prudential PLC purchased a new stake in The Hartford Financial Services Group in the 1st quarter worth $674,000. Cetera Investment Advisers lifted its stake in The Hartford Financial Services Group by 88.6% in the 1st quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock worth $807,000 after purchasing an additional 5,278 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its stake in The Hartford Financial Services Group by 235.4% in the 1st quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock worth $77,000 after purchasing an additional 751 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other 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 insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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

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