Citigroup assumed coverage on shares of Hartford Financial Services Group (NYSE:HIG) in a research report report published on Wednesday, December 20th, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $59.00 target price on the insurance provider’s stock.
A number of other research firms have also weighed in on HIG. Goldman Sachs Group assumed coverage on Hartford Financial Services Group in a research report on Monday, December 4th. They set a neutral rating and a $59.00 price objective for the company. Wells Fargo & Co set a $55.00 target price on Hartford Financial Services Group and gave the stock a hold rating in a report on Monday, December 4th. Zacks Investment Research lowered Hartford Financial Services Group from a hold rating to a sell rating in a report on Tuesday, October 17th. 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 report on Monday, October 16th. Finally, Credit Suisse Group raised Hartford Financial Services Group from a neutral rating to an outperform rating and set a $65.00 target price for the company in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $58.92.
Shares of Hartford Financial Services Group (NYSE HIG) traded up $0.20 during trading hours on Wednesday, hitting $55.29. The stock had a trading volume of 2,571,800 shares, compared to its average volume of 1,803,012. Hartford Financial Services Group has a 12-month low of $46.35 and a 12-month high of $58.61. The company has a market cap of $19,651.63, a price-to-earnings ratio of 42.21, a P/E/G ratio of 1.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40.
Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the company earned $1.06 EPS. The business’s revenue was down .7% compared to the same quarter last year. analysts forecast that Hartford Financial Services Group will post 3.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 1st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.81%. Hartford Financial Services Group’s payout ratio is 76.34%.
Large investors have recently bought and sold shares of the business. Dupont Capital Management Corp bought a new stake in Hartford Financial Services Group during the second quarter valued at about $119,000. Sun Life Financial INC raised its holdings in Hartford Financial Services Group by 26,810.0% during the second quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 2,681 shares during the period. Howard Hughes Medical Institute bought a new stake in Hartford Financial Services Group during the second quarter valued at about $148,000. Wesbanco Bank Inc. bought a new stake in Hartford Financial Services Group during the third quarter valued at about $206,000. Finally, Tdam USA Inc. bought a new stake in Hartford Financial Services Group during the third quarter valued at about $208,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “Hartford Financial Services Group (HIG) Research Coverage Started at Citigroup” was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/01/13/hartford-financial-services-group-hig-coverage-initiated-at-citigroup-updated-updated.html.
Hartford Financial Services Group Company Profile
Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.