The Hartford Financial Services Group (NYSE:HIG) Price Target Raised to $95.00

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) had its target price lifted by equities researchers at Roth Mkm from $90.00 to $95.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the insurance provider's stock. Roth Mkm's price target points to a potential downside of 0.31% from the company's current price.

HIG has been the topic of several other research reports. Royal Bank of Canada boosted their price target on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a "sector perform" rating in a research report on Monday, February 5th. UBS Group upped their price objective on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a "buy" rating in a report on Monday, February 5th. JPMorgan Chase & Co. upped their price objective on The Hartford Financial Services Group from $91.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Evercore ISI increased their target price on The Hartford Financial Services Group from $96.00 to $104.00 and gave the company an "in-line" rating in a research report 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $105.81.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG traded down $3.79 on Friday, hitting $95.30. The company's stock had a trading volume of 2,889,576 shares, compared to its average volume of 1,813,499. The company has a market capitalization of $28.33 billion, a PE ratio of 12.03, a PEG ratio of 1.41 and a beta of 0.89. 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 Hartford Financial Services Group has a 1 year low of $67.05 and a 1 year high of $103.64. The company has a 50-day simple moving average of $98.45 and a 200 day simple moving average of $86.07.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.09). The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that The Hartford Financial Services Group will post 10.13 EPS for the current fiscal year.

Insider Activity

In other The Hartford Financial Services Group 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 transaction of $2,670,695.60. Following the transaction, the executive vice president now directly owns 18,906 shares in the company, valued at $1,869,803.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,332 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $89.74, for a total transaction of $119,533.68. Following the completion of the sale, the senior vice president now directly owns 630 shares in the company, valued at approximately $56,536.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael R. Fisher sold 27,004 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the transaction, the executive vice president now directly owns 18,906 shares in the company, valued at approximately $1,869,803.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,501 shares of company stock valued at $10,141,126. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On The Hartford Financial Services Group

A number of hedge funds have recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. raised its stake in shares of The Hartford Financial Services Group by 11.7% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 3,165 shares of the insurance provider's stock valued at $254,000 after acquiring an additional 331 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter worth $2,875,000. New Millennium Group LLC purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter worth $1,552,000. SteelPeak Wealth LLC bought a new stake in shares of The Hartford Financial Services Group during the 4th quarter valued at $1,691,000. Finally, Cerity Partners LLC raised its position in shares of The Hartford Financial Services Group by 19.8% during the 4th quarter. Cerity Partners LLC now owns 49,614 shares of the insurance provider's stock valued at $4,003,000 after purchasing an additional 8,203 shares during the period. Institutional investors own 93.42% of the company's stock.

About The Hartford Financial Services Group

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.