The Hartford Financial Services Group, Inc. (NYSE:HIG) Receives Average Rating of “Moderate Buy” from Brokerages

The Hartford Financial Services Group, Inc. (NYSE:HIG) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $122.28.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their target price on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $130.00 to $135.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their target price on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, January 10th.

The Hartford Financial Services Group Trading Up 0.5 %

Shares of HIG stock opened at $111.46 on Friday. The stock has a fifty day simple moving average of $113.44 and a two-hundred day simple moving average of $112.99. The Hartford Financial Services Group has a 52-week low of $85.34 and a 52-week high of $124.90. The firm has a market capitalization of $32.31 billion, a PE ratio of 11.17, a PEG ratio of 0.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32.

Insider Buying and Selling

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HIG. DT Investment Partners LLC bought a new position in The Hartford Financial Services Group in the 3rd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in The Hartford Financial Services Group by 3,342.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 234 shares during the period. Clean Yield Group bought a new stake in The Hartford Financial Services Group during the 3rd quarter valued at $33,000. BNP Paribas purchased a new stake in shares of The Hartford Financial Services Group in the 3rd quarter worth $35,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth $40,000. 93.42% of the stock is currently owned by institutional investors.

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.