The Hartford Financial Services Group (NYSE:HIG) Upgraded by StockNews.com to “Buy” Rating

The Hartford Financial Services Group (NYSE:HIG) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company reduced their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler boosted their target price on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.94.

The Hartford Financial Services Group Trading Down 0.4 %

Shares of The Hartford Financial Services Group stock traded down $0.46 during trading hours on Monday, reaching $117.34. The stock had a trading volume of 1,636,271 shares, compared to its average volume of 1,756,893. The firm has a 50 day simple moving average of $112.63 and a two-hundred day simple moving average of $114.80. The firm has a market capitalization of $33.49 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.12 and a beta of 0.91. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The Hartford Financial Services Group has a 1 year low of $94.47 and a 1 year high of $124.90.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. As a group, equities research analysts anticipate that The Hartford Financial Services Group will post 11.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HIG. Norges Bank bought a new position in The Hartford Financial Services Group in the 4th quarter valued at $416,340,000. AustralianSuper Pty Ltd grew its position in The Hartford Financial Services Group by 265.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider’s stock worth $132,710,000 after acquiring an additional 881,224 shares in the last quarter. Ameriprise Financial Inc. grew its position in The Hartford Financial Services Group by 48.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider’s stock worth $247,761,000 after acquiring an additional 735,170 shares in the last quarter. Assenagon Asset Management S.A. grew its position in The Hartford Financial Services Group by 437.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock worth $95,322,000 after acquiring an additional 709,324 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in The Hartford Financial Services Group by 11,904.7% in the fourth quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider’s stock worth $632,000 after acquiring an additional 626,304 shares in the last quarter. 93.42% of the stock is 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.