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AMD   108.16 (+2.23%)
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BA   224.16 (+1.25%)
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AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
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AMD   108.16 (+2.23%)
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BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)
QQQ   370.35 (-0.80%)
AAPL   145.37 (-1.05%)
MSFT   294.17 (-1.73%)
FB   353.58 (+0.18%)
GOOGL   2,821.44 (-0.80%)
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NVDA   216.60 (-1.91%)
BABA   150.18 (+3.52%)
NIO   36.77 (+3.93%)
CGC   14.71 (+5.75%)
GE   105.35 (+1.49%)
MU   75.18 (+1.53%)
AMD   108.16 (+2.23%)
T   27.40 (+1.00%)
F   14.16 (+2.76%)
ACB   6.39 (+7.39%)
DIS   178.26 (+1.28%)
PFE   43.57 (-0.84%)
BA   224.16 (+1.25%)
AMC   39.30 (-1.77%)

The Hartford Financial Services Group (NYSE:HIG) PT Raised to $81.00

Wednesday, September 15, 2021 | MarketBeat

The Hartford Financial Services Group (NYSE:HIG) had its price target hoisted by Wells Fargo & Company from $75.00 to $81.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the insurance provider's stock. Wells Fargo & Company's target price would indicate a potential upside of 15.52% from the company's current price.

HIG has been the subject of several other research reports. Credit Suisse Group raised their price objective on shares of The Hartford Financial Services Group from $82.00 to $93.00 and gave the company an "outperform" rating in a research report on Thursday, September 9th. Bank of America upgraded shares of The Hartford Financial Services Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $75.00 to $76.00 in a research report on Friday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Hartford Financial Services Group from $60.00 to $73.00 and gave the company a "buy" rating in a research report on Monday, July 12th. Finally, Wolfe Research initiated coverage on shares of The Hartford Financial Services Group in a research report on Monday, August 16th. They issued a "peer perform" rating and a $74.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $72.79.

Shares of The Hartford Financial Services Group stock opened at $70.12 on Wednesday. The stock has a market capitalization of $24.34 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $65.50 and a 200 day simple moving average of $64.56. The Hartford Financial Services Group has a 12-month low of $34.69 and a 12-month high of $70.88.

The Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Wednesday, July 28th. The insurance provider reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.99. The Hartford Financial Services Group had a net margin of 10.05% and a return on equity of 12.47%. On average, equities analysts anticipate that The Hartford Financial Services Group will post 5.87 earnings per share for the current year.

In related news, EVP David C. Robinson sold 5,469 shares of The Hartford Financial Services Group stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $65.00, for a total transaction of $355,485.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William A. Bloom sold 16,000 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, July 20th. The stock was sold at an average price of $62.00, for a total transaction of $992,000.00. Following the transaction, the executive vice president now directly owns 5,353 shares in the company, valued at approximately $331,886. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,875 shares of company stock valued at $3,524,395. 1.55% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. IndexIQ Advisors LLC raised its holdings in shares of The Hartford Financial Services Group by 2.7% in the second quarter. IndexIQ Advisors LLC now owns 5,882 shares of the insurance provider's stock valued at $365,000 after purchasing an additional 156 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of The Hartford Financial Services Group by 0.5% in the second quarter. CIBC Asset Management Inc now owns 31,487 shares of the insurance provider's stock valued at $1,951,000 after purchasing an additional 170 shares during the last quarter. IFP Advisors Inc increased its holdings in The Hartford Financial Services Group by 10.6% during the second quarter. IFP Advisors Inc now owns 1,963 shares of the insurance provider's stock worth $122,000 after buying an additional 188 shares during the last quarter. Corient Capital Partners LLC increased its holdings in The Hartford Financial Services Group by 3.8% during the second quarter. Corient Capital Partners LLC now owns 5,864 shares of the insurance provider's stock worth $364,000 after buying an additional 212 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in The Hartford Financial Services Group by 4.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,773 shares of the insurance provider's stock worth $295,000 after buying an additional 222 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc is an insurance and financial services company. The company provides life insurance, group and employee benefits, automobile and homeowners insurance and business insurance, as well as investment products, annuities, mutual funds, and college savings plans. It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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