StockNews.com Downgrades The Hartford Financial Services Group (NYSE:HIG) to Hold

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.

HIG has been the topic of a number of other research reports. Piper Sandler raised their target price on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, BMO Capital Markets boosted their target price 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. Ten analysts have rated the stock with a hold rating, eight 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 company presently has an average rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG traded up $0.97 during mid-day trading on Tuesday, reaching $118.44. The company had a trading volume of 4,524,590 shares, compared to its average volume of 1,747,292. The firm has a market cap of $33.80 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.12 and a beta of 0.97. The business's 50-day simple moving average is $111.72 and its 200 day simple moving average is $114.43. The Hartford Financial Services Group has a one year low of $94.32 and a one year high of $124.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last issued its earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. On average, research analysts predict that The Hartford Financial Services Group will post 11.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hartford Financial Services Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its position in The Hartford Financial Services Group by 3,342.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 234 shares during the period. Barrett & Company Inc. increased its position in shares of The Hartford Financial Services Group by 46.5% during the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after acquiring an additional 93 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Financial Services Group in the 4th quarter worth about $33,000. BNP Paribas bought a new position in The Hartford Financial Services Group in the 3rd quarter valued at about $35,000. Finally, Itau Unibanco Holding S.A. acquired a new position in The Hartford Financial Services Group during the 4th quarter valued at about $35,000. 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.