Wells Fargo & Company Analysts Give Hartford Financial Services Group, Inc. (The) (HIG) a $55.00 Price Target

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) has been given a $55.00 price target by investment analysts at Wells Fargo & Company in a note issued to investors on Thursday. The firm presently has a “hold” rating on the insurance provider’s stock. Wells Fargo & Company’s price objective indicates a potential downside of 1.80% from the stock’s current price.

HIG has been the topic of several other reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Barclays PLC upped their target price on shares of Hartford Financial Services Group, Inc. (The) from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. BidaskClub lowered shares of Hartford Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Buckingham Research assumed coverage on shares of Hartford Financial Services Group, Inc. (The) in a research report on Monday, September 11th. They set a “buy” rating and a $63.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $57.42.

Hartford Financial Services Group, Inc. (HIG) opened at $56.01 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group, Inc. has a 1 year low of $46.33 and a 1 year high of $57.16. The firm has a market cap of $20,215.25, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a net margin of 2.63% and a return on equity of 8.21%. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the business posted $1.06 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts anticipate that Hartford Financial Services Group, Inc. will post 3.67 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.4% during the second quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock valued at $1,919,716,000 after buying an additional 158,023 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Hartford Financial Services Group, Inc. (The) by 10.0% during the second quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock valued at $1,580,827,000 after buying an additional 2,730,796 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock valued at $395,789,000 after buying an additional 53,677 shares during the period. FMR LLC lifted its stake in shares of Hartford Financial Services Group, Inc. (The) by 22.2% during the second quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock valued at $372,144,000 after buying an additional 1,284,664 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.3% during the second quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock valued at $323,895,000 after buying an additional 21,037 shares during the period. 90.32% of the stock is currently owned by institutional investors and hedge funds.

Hartford Financial Services Group, Inc. (The) Company Profile

Analyst Recommendations for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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