Keefe, Bruyette & Woods Increases The Hartford Financial Services Group (NYSE:HIG) Price Target to $139.00

The Hartford Financial Services Group (NYSE:HIG) had its price objective upped by analysts at Keefe, Bruyette & Woods from $135.00 to $139.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 30.82% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $130.00 to $135.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. UBS Group boosted their price objective on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group increased their target price on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

The Hartford Financial Services Group Stock Down 2.9 %

NYSE HIG opened at $106.25 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The Hartford Financial Services Group has a 52 week low of $81.69 and a 52 week high of $124.90. The firm has a market capitalization of $30.80 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.92 and a beta of 0.98. The company has a fifty day moving average of $114.43 and a two-hundred day moving average of $112.33.

Insider Buying and Selling

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Hartford Financial Services Group

A number of hedge funds have recently made changes to their positions in HIG. Quest Partners LLC lifted its position in The Hartford Financial Services Group by 2,750.0% during the second quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 275 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in The Hartford Financial Services Group during the 2nd quarter worth $159,000. PFG Investments LLC increased its position in The Hartford Financial Services Group by 6.4% during the 2nd quarter. PFG Investments LLC now owns 2,493 shares of the insurance provider’s stock valued at $251,000 after buying an additional 150 shares in the last quarter. Wedbush Securities Inc. raised its stake in The Hartford Financial Services Group by 7.8% in the second quarter. Wedbush Securities Inc. now owns 5,990 shares of the insurance provider’s stock valued at $602,000 after buying an additional 431 shares during the last quarter. Finally, Choreo LLC acquired a new stake in The Hartford Financial Services Group in the second quarter worth about $594,000. 93.42% 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, 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.