The Hartford Financial Services Group (NYSE:HIG) PT Raised to $107.00 at UBS Group

The Hartford Financial Services Group (NYSE:HIGGet Free Report) had its price target boosted by research analysts at UBS Group from $100.00 to $107.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. UBS Group’s target price would suggest a potential upside of 19.29% from the stock’s previous close.

HIG has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $94.00 to $91.00 in a research note on Monday, January 8th. Royal Bank of Canada upped their price target on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research note on Monday. Raymond James upped their price target on shares of The Hartford Financial Services Group from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday. Oppenheimer assumed coverage on shares of The Hartford Financial Services Group in a research note on Thursday, November 16th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company decreased their price target on shares of The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.

Get Our Latest Stock Analysis on HIG

The Hartford Financial Services Group Stock Down 0.4 %

NYSE HIG opened at $89.70 on Monday. The stock’s 50-day moving average price is $82.19 and its 200-day moving average price is $76.16. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The Hartford Financial Services Group has a 52 week low of $64.25 and a 52 week high of $91.85. The company has a market capitalization of $26.98 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $3.06 EPS for the quarter, topping the consensus estimate of $2.44 by $0.62. The firm had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 earnings per share. On average, equities research analysts predict that The Hartford Financial Services Group will post 9.77 earnings per share for the current year.

Insider Buying and Selling

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 94,807 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $86.65, for a total value of $8,215,026.55. Following the completion of the sale, the chief executive officer now owns 170,180 shares in the company, valued at approximately $14,746,097. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 322,718 shares of company stock worth $26,604,904 in the last 90 days. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On The Hartford Financial Services Group

Hedge funds have recently made changes to their positions in the stock. MV Capital Management Inc. lifted its stake in The Hartford Financial Services Group by 8.9% during the fourth quarter. MV Capital Management Inc. now owns 1,416 shares of the insurance provider’s stock worth $114,000 after purchasing an additional 116 shares during the last quarter. Realta Investment Advisors lifted its stake in The Hartford Financial Services Group by 3.7% during the fourth quarter. Realta Investment Advisors now owns 3,635 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 129 shares during the last quarter. Penserra Capital Management LLC lifted its stake in The Hartford Financial Services Group by 8.4% during the fourth quarter. Penserra Capital Management LLC now owns 1,715 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 133 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in The Hartford Financial Services Group by 2.4% in the third quarter. Proficio Capital Partners LLC now owns 5,857 shares of the insurance provider’s stock valued at $415,000 after buying an additional 137 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in The Hartford Financial Services Group by 4.7% in the fourth quarter. Perigon Wealth Management LLC now owns 3,204 shares of the insurance provider’s stock valued at $258,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

The Hartford Financial Services Group Company Profile

(Get Free Report)

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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