The Hartford Financial Services Group (NYSE:HIG) PT Raised to $113.00 at Citigroup

The Hartford Financial Services Group (NYSE:HIG) had its price target upped by investment analysts at Citigroup from $109.00 to $113.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Citigroup’s price target points to a potential upside of 17.98% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Raymond James restated an “outperform” rating and set a $120.00 price target (up from $100.00) on shares of The Hartford Financial Services Group in a research report on Monday, April 1st. Wells Fargo & Company upped their target price on shares of The Hartford Financial Services Group from $106.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price target on shares of The Hartford Financial Services Group from $114.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group upped their price objective on shares of The Hartford Financial Services Group from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Piper Sandler reiterated an “overweight” rating and set a $115.00 target price on shares of The Hartford Financial Services Group in a report on Monday, April 1st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.56.

The Hartford Financial Services Group Stock Down 2.0 %

Shares of The Hartford Financial Services Group stock opened at $95.78 on Tuesday. The company’s fifty day simple moving average is $97.49 and its two-hundred day simple moving average is $84.97. The Hartford Financial Services Group has a 12-month low of $67.05 and a 12-month high of $103.64. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.29. The company has a market cap of $28.48 billion, a P/E ratio of 11.99, a PEG ratio of 1.37 and a beta of 0.89.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The company had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The Hartford Financial Services Group’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.31 earnings per share. Research analysts anticipate that The Hartford Financial Services Group will post 10.12 EPS for the current year.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Michael R. Fisher sold 27,004 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $98.90, for a total transaction of $2,670,695.60. Following the completion of the transaction, the executive vice president now directly owns 18,906 shares of the company’s stock, valued at $1,869,803.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Michael R. Fisher sold 27,004 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $98.90, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher Swift sold 46,818 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $84.71, for a total value of $3,965,952.78. Following the sale, the chief executive officer now owns 170,180 shares of the company’s stock, valued at approximately $14,415,947.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,082 shares of company stock worth $22,404,321. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On The Hartford Financial Services Group

Several institutional investors have recently made changes to their positions in HIG. BlackRock Inc. increased its holdings in The Hartford Financial Services Group by 0.8% during the first quarter. BlackRock Inc. now owns 24,739,482 shares of the insurance provider’s stock valued at $1,724,094,000 after buying an additional 195,900 shares during the last quarter. Invesco Ltd. increased its stake in shares of The Hartford Financial Services Group by 1.3% in the 3rd quarter. Invesco Ltd. now owns 7,421,268 shares of the insurance provider’s stock worth $526,242,000 after purchasing an additional 91,911 shares in the last quarter. Geode Capital Management LLC raised its holdings in The Hartford Financial Services Group by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 6,532,858 shares of the insurance provider’s stock worth $454,234,000 after purchasing an additional 74,997 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in The Hartford Financial Services Group by 26.2% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 6,119,863 shares of the insurance provider’s stock valued at $491,915,000 after purchasing an additional 1,272,290 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in The Hartford Financial Services Group by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,612,529 shares of the insurance provider’s stock valued at $403,036,000 after purchasing an additional 307,231 shares during the period. Institutional investors own 93.42% of the company’s stock.

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.