News coverage about The Hartford (NYSE:HIG) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Hartford earned a news impact score of 0.02 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 47.7084593177518 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research firms recently commented on HIG. Citigroup lifted their price target on The Hartford from $55.00 to $57.00 and gave the stock a “hold” rating in a research report on Tuesday, May 1st. ValuEngine lowered The Hartford from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Zacks Investment Research lowered The Hartford from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Wells Fargo & Co set a $56.00 price target on The Hartford and gave the stock a “hold” rating in a research report on Thursday, April 26th. Finally, TheStreet lowered The Hartford from a “b-” rating to a “c+” rating in a research report on Friday, April 6th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The Hartford has an average rating of “Buy” and an average target price of $59.58.
The Hartford traded down $0.28, hitting $53.03, during trading on Thursday, according to Marketbeat. The stock had a trading volume of 1,175,985 shares, compared to its average volume of 2,261,801. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $19.25 billion, a P/E ratio of 19.35, a PEG ratio of 1.23 and a beta of 0.96. The Hartford has a one year low of $48.85 and a one year high of $59.20.
The Hartford (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 26th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.20. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.62 billion. The Hartford had a negative net margin of 15.59% and a positive return on equity of 8.93%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. equities research analysts expect that The Hartford will post 4.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 31st. The Hartford’s payout ratio is currently 36.50%.
In other news, EVP David C. Robinson sold 868 shares of The Hartford stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $51.39, for a total transaction of $44,606.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David C. Robinson sold 682 shares of The Hartford stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $54.94, for a total transaction of $37,469.08. Following the sale, the executive vice president now directly owns 16,942 shares of the company’s stock, valued at approximately $930,793.48. The disclosure for this sale can be found here. In the last three months, insiders sold 52,623 shares of company stock valued at $2,835,703. 1.50% of the stock is owned by insiders.
The Hartford 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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