The Hartford Financial Services Group (NYSE:HIG) Price Target Increased to $95.00 by Analysts at Roth Mkm

The Hartford Financial Services Group (NYSE:HIG) had its target price lifted by Roth Mkm from $90.00 to $95.00 in a research report sent to investors on Friday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the insurance provider’s stock.

A number of other research analysts have also weighed in on HIG. Citigroup raised their price objective on The Hartford Financial Services Group from $109.00 to $113.00 and gave the company a buy rating in a report on Tuesday, April 16th. The Goldman Sachs Group raised their target price on The Hartford Financial Services Group from $92.00 to $105.00 and gave the stock a buy rating in a research note on Friday, April 12th. JPMorgan Chase & Co. raised their target price on The Hartford Financial Services Group from $91.00 to $104.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Evercore ISI raised their target price on The Hartford Financial Services Group from $96.00 to $104.00 and gave the stock an in-line rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company raised their target price on The Hartford Financial Services Group from $106.00 to $117.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $105.81.

The Hartford Financial Services Group Trading Down 3.8 %

Shares of NYSE:HIG opened at $95.30 on Friday. The business’s 50 day moving average price is $98.50 and its 200-day moving average price is $86.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.40 and a beta of 0.89. The Hartford Financial Services Group has a 1 year low of $67.05 and a 1 year high of $103.64.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.09). The firm had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.51 billion. The Hartford Financial Services Group had a net margin of 10.87% and a return on equity of 21.04%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. On average, equities research analysts forecast that The Hartford Financial Services Group will post 10.13 earnings per share for the current fiscal year.

The Hartford Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, March 1st. The Hartford Financial Services Group’s dividend payout ratio is currently 21.36%.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Michael R. Fisher sold 27,004 shares of The Hartford Financial Services Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now owns 18,906 shares in the company, valued at approximately $1,869,803.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Beth Ann Costello sold 38,915 shares of The Hartford Financial Services Group stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $95.42, for a total value of $3,713,269.30. Following the completion of the transaction, the chief financial officer now owns 69,169 shares in the company, valued at approximately $6,600,105.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael R. Fisher sold 27,004 shares of The Hartford Financial Services Group stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total value of $2,670,695.60. Following the completion of the transaction, the executive vice president now owns 18,906 shares of the company’s stock, valued at approximately $1,869,803.40. The disclosure for this sale can be found here. Insiders sold a total of 106,501 shares of company stock valued at $10,141,126 in the last three months. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Hartford Financial Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GoalVest Advisory LLC lifted its stake in The Hartford Financial Services Group by 464.8% during the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 251 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $26,000. CVA Family Office LLC purchased a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $27,000. Chilton Capital Management LLC purchased a new stake in The Hartford Financial Services Group during the fourth quarter worth approximately $28,000. Finally, Selway Asset Management purchased a new stake in The Hartford Financial Services Group during the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.