Hartford Financial Services Group (HIG) Given a $58.00 Price Target by Buckingham Research Analysts

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Hartford Financial Services Group (NYSE:HIG) received a $58.00 price target from Buckingham Research in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the insurance provider’s stock. Buckingham Research’s price objective would suggest a potential upside of 28.49% from the company’s previous close.

A number of other brokerages also recently weighed in on HIG. B. Riley lifted their target price on shares of Hartford Financial Services Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Credit Suisse Group assumed coverage on shares of Hartford Financial Services Group in a research note on Tuesday, August 7th. They set a “neutral” rating and a $57.00 target price for the company. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. ValuEngine downgraded shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, TheStreet raised shares of Hartford Financial Services Group from a “c” rating to a “b” rating in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.17.

Shares of NYSE:HIG opened at $45.14 on Monday. The firm has a market cap of $16.18 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. Hartford Financial Services Group has a 52 week low of $43.31 and a 52 week high of $59.20.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $4.80 billion for the quarter. Hartford Financial Services Group had a negative net margin of 11.09% and a positive return on equity of 12.20%. Equities analysts anticipate that Hartford Financial Services Group will post 4.67 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its stake in Hartford Financial Services Group by 6.3% during the third quarter. Acadian Asset Management LLC now owns 20,124 shares of the insurance provider’s stock worth $1,005,000 after buying an additional 1,192 shares during the last quarter. Arizona State Retirement System increased its stake in Hartford Financial Services Group by 0.9% in the third quarter. Arizona State Retirement System now owns 219,769 shares of the insurance provider’s stock valued at $10,980,000 after purchasing an additional 1,932 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in Hartford Financial Services Group in the third quarter valued at $250,000. Russell Investments Group Ltd. increased its stake in Hartford Financial Services Group by 23.4% in the third quarter. Russell Investments Group Ltd. now owns 706,403 shares of the insurance provider’s stock valued at $35,214,000 after purchasing an additional 133,985 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Hartford Financial Services Group by 24.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 305,349 shares of the insurance provider’s stock valued at $15,258,000 after purchasing an additional 60,110 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.

Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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

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