Hartford Financial Services Group (NYSE:HIG) received a $70.00 price objective from research analysts at Barclays in a note issued to investors on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. Barclays‘s price objective would suggest a potential upside of 21.89% from the stock’s current price.

HIG has been the topic of several other research reports. Buckingham Research lifted their price objective on shares of Hartford Financial Services Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Morgan Stanley lifted their price objective on shares of Hartford Financial Services Group from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. UBS Group lifted their price objective on shares of Hartford Financial Services Group from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. B. Riley lifted their price objective on shares of Hartford Financial Services Group from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, Zacks Investment Research lowered shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.69.

Shares of NYSE HIG traded down $1.47 during mid-day trading on Monday, hitting $57.43. The company’s stock had a trading volume of 1,087,143 shares, compared to its average volume of 2,105,129. The stock has a market capitalization of $21.10 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.18 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.27. Hartford Financial Services Group has a one year low of $40.54 and a one year high of $59.17. The company has a fifty day simple moving average of $57.25.

Hartford Financial Services Group (NYSE:HIG) last issued its earnings results on Thursday, August 1st. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.22. Hartford Financial Services Group had a net margin of 8.36% and a return on equity of 12.44%. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the firm earned $1.13 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Hartford Financial Services Group will post 5.24 EPS for the current fiscal year.

In other news, insider William A. Bloom sold 7,927 shares of Hartford Financial Services Group stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.48, for a total value of $431,862.96. Following the sale, the insider now directly owns 23,440 shares in the company, valued at $1,277,011.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert B. Allardice III sold 6,500 shares of Hartford Financial Services Group stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $54.44, for a total transaction of $353,860.00. Following the completion of the sale, the director now owns 30,684 shares in the company, valued at $1,670,436.96. The disclosure for this sale can be found here. Insiders have sold a total of 103,959 shares of company stock worth $5,805,656 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HIG. Virtus ETF Advisers LLC acquired a new position in Hartford Financial Services Group during the second quarter worth $26,000. NuWave Investment Management LLC increased its holdings in Hartford Financial Services Group by 950.0% during the second quarter. NuWave Investment Management LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after buying an additional 456 shares during the last quarter. Rational Advisors LLC increased its holdings in Hartford Financial Services Group by 950.0% during the second quarter. Rational Advisors LLC now owns 504 shares of the insurance provider’s stock worth $28,000 after buying an additional 456 shares during the last quarter. Harvest Group Wealth Management LLC acquired a new position in Hartford Financial Services Group during the first quarter worth $33,000. Finally, Icon Wealth Partners LLC acquired a new position in Hartford Financial Services Group during the first quarter worth $33,000. Institutional investors own 90.71% of the company’s stock.

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. Its Commercial Lines segment offers workers' compensation, property, automobile, marine, livestock, liability, and umbrella coverages; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages.

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

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