Hartford Financial Services Group Inc (HIG) Given Buy Rating at Keefe, Bruyette & Woods

Hartford Financial Services Group Inc (NYSE:HIG)‘s stock had its “buy” rating restated by analysts at Keefe, Bruyette & Woods in a research report issued on Sunday, July 30th. They presently have a $58.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 3.50% from the company’s previous close.

Other analysts have also recently issued research reports about the company. BidaskClub cut Hartford Financial Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, June 28th. UBS AG reaffirmed a “buy” rating and issued a $58.00 price target (up previously from $54.00) on shares of Hartford Financial Services Group in a report on Monday, June 26th. Deutsche Bank AG started coverage on Hartford Financial Services Group in a report on Tuesday, June 6th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, ValuEngine raised Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $56.30.

Shares of Hartford Financial Services Group (HIG) traded up 0.56% during mid-day trading on Friday, reaching $56.04. 1,789,183 shares of the company traded hands. The stock’s 50 day moving average is $53.87 and its 200 day moving average is $50.13. The stock has a market capitalization of $20.42 billion, a PE ratio of 30.76 and a beta of 0.93. Hartford Financial Services Group has a 52-week low of $39.68 and a 52-week high of $56.60.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.10. The company had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.30 billion. Hartford Financial Services Group had a negative return on equity of 0.94% and a negative net margin of 0.84%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS. On average, analysts anticipate that Hartford Financial Services Group will post $4.26 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of HIG. Westside Investment Management Inc. raised its stake in shares of Hartford Financial Services Group by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Hartford Financial Services Group during the second quarter worth $119,000. Quadrant Capital Group LLC raised its stake in shares of Hartford Financial Services Group by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock worth $106,000 after buying an additional 10 shares in the last quarter. Hartford Financial Management Inc. raised its stake in shares of Hartford Financial Services Group by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock worth $127,000 after buying an additional 2,203 shares in the last quarter. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Hartford Financial Services Group during the second quarter worth $148,000. Institutional investors and hedge funds own 90.85% of the company’s stock.

Hartford Financial Services Group Company Profile

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

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