Hartford Financial Services Group (HIG) Lifted to Outperform at Credit Suisse Group

Hartford Financial Services Group (NYSE:HIG) was upgraded by investment analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday.

HIG has been the subject of a number of other research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $60.00 price target on shares of Hartford Financial Services Group in a research note on Thursday, August 31st. Zacks Investment Research cut shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Wells Fargo & Company reiterated a “hold” rating and set a $55.00 price target on shares of Hartford Financial Services Group in a research note on Monday, October 23rd. BidaskClub cut shares of Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Buckingham Research began coverage on shares of Hartford Financial Services Group in a research note on Monday, September 11th. They set a “buy” rating and a $63.00 price target for the company. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.75.

Shares of Hartford Financial Services Group (NYSE HIG) opened at $55.64 on Tuesday. The firm has a market cap of $19,887.07, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40. Hartford Financial Services Group has a 52 week low of $46.35 and a 52 week high of $58.61.

Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. Hartford Financial Services Group’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 EPS. analysts forecast that Hartford Financial Services Group will post 3.57 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in shares of Hartford Financial Services Group in the 2nd quarter worth $119,000. Sun Life Financial INC lifted its stake in shares of Hartford Financial Services Group by 26,810.0% in the 2nd quarter. Sun Life Financial INC now owns 2,691 shares of the insurance provider’s stock worth $141,000 after acquiring an additional 2,681 shares during the period. Howard Hughes Medical Institute acquired a new stake in shares of Hartford Financial Services Group in the 2nd quarter worth $148,000. Wesbanco Bank Inc. acquired a new stake in shares of Hartford Financial Services Group in the 3rd quarter worth $206,000. Finally, Tdam USA Inc. acquired a new stake in shares of Hartford Financial Services Group in the 3rd quarter worth $208,000. Institutional investors own 88.52% of the company’s stock.

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