Hartford Financial Services Group (HIG) Research Coverage Started at Citigroup

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.

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Hartford Financial Services Group Company Profile

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