Hartford Financial Services Group (HIG) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Hartford Financial Services Group (NYSE:HIG) from a hold rating to a buy rating in a research note released on Friday morning.

Several other research analysts also recently commented on HIG. Barclays lifted their target price on Hartford Financial Services Group from $61.00 to $64.00 and gave the stock an overweight rating in a research note on Monday, October 16th. Zacks Investment Research downgraded Hartford Financial Services Group from a hold rating to a sell rating in a research note on Tuesday, October 17th. Wells Fargo & Co reiterated a hold rating and set a $55.00 target price on shares of Hartford Financial Services Group in a research note on Monday, October 23rd. UBS Group lifted their target price on Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a buy rating in a research note on Tuesday, October 24th. Finally, B. Riley reiterated a neutral rating on shares of Hartford Financial Services Group in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Hartford Financial Services Group currently has a consensus rating of Hold and a consensus target price of $58.92.

Hartford Financial Services Group (HIG) opened at $55.58 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40. Hartford Financial Services Group has a one year low of $46.35 and a one year high of $59.20. The company has a market capitalization of $20,693.25, a P/E ratio of 15.59, a PEG ratio of 1.40 and a beta of 0.93.

A number of large investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. lifted its holdings in Hartford Financial Services Group by 31.7% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,202,001 shares of the insurance provider’s stock worth $232,917,000 after purchasing an additional 1,012,591 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Hartford Financial Services Group by 31.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,168,047 shares of the insurance provider’s stock worth $231,034,000 after purchasing an additional 986,139 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Hartford Financial Services Group by 5.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,909,742 shares of the insurance provider’s stock worth $152,965,000 after purchasing an additional 139,487 shares during the last quarter. TCW Group Inc. lifted its holdings in Hartford Financial Services Group by 1.3% during the 3rd quarter. TCW Group Inc. now owns 2,677,291 shares of the insurance provider’s stock worth $148,403,000 after purchasing an additional 33,238 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Hartford Financial Services Group by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 2,012,207 shares of the insurance provider’s stock worth $111,534,000 after purchasing an additional 29,553 shares during the last quarter. 88.28% of the stock is owned by institutional investors and hedge funds.

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Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.

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

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