The Hartford Financial Services Group, Inc. (NYSE:HIG) Receives $92.60 Consensus PT from Brokerages

The Hartford Financial Services Group, Inc. (NYSE:HIGGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $97.06.

A number of research analysts have recently weighed in on the company. Raymond James restated an “outperform” rating and issued a $120.00 target price (up previously from $100.00) on shares of The Hartford Financial Services Group in a report on Monday. Roth Mkm increased their price target on The Hartford Financial Services Group from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 price target on shares of The Hartford Financial Services Group in a research report on Monday. Royal Bank of Canada increased their price target on The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded 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 report on Monday, January 8th.

View Our Latest Analysis on The Hartford Financial Services Group

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 94,807 shares of The Hartford Financial Services Group stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $86.65, for a total transaction of $8,215,026.55. Following the completion of the sale, the chief executive officer now owns 170,180 shares of the company’s stock, valued at $14,746,097. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Christopher Swift sold 94,807 shares of The Hartford Financial Services Group stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $86.65, for a total value of $8,215,026.55. Following the transaction, the chief executive officer now owns 170,180 shares in the company, valued at $14,746,097. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $89.64, for a total value of $1,344,600.00. Following the completion of the transaction, the executive vice president now owns 8,201 shares in the company, valued at approximately $735,137.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 259,342 shares of company stock valued at $23,256,523. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HIG. GoalVest Advisory LLC increased its holdings in The Hartford Financial Services Group by 464.8% during the 4th quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $26,000. CVA Family Office LLC purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $27,000. Chilton Capital Management LLC purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter worth approximately $28,000. Finally, Quarry LP grew its holdings in shares of The Hartford Financial Services Group by 113.5% during the 4th quarter. Quarry LP now owns 365 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 194 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.3 %

HIG stock opened at $102.13 on Monday. The stock’s 50 day simple moving average is $94.98 and its 200 day simple moving average is $82.98. The Hartford Financial Services Group has a fifty-two week low of $67.01 and a fifty-two week high of $103.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $30.36 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.62. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter last year, the company earned $2.31 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect that The Hartford Financial Services Group will post 9.95 earnings per share for the current fiscal year.

The Hartford Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio is 23.53%.

About The Hartford Financial Services Group

(Get Free Report

The Hartford Financial Services Group, Inc, together with its subsidiaries, 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, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

Further Reading

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

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