The Hartford Financial Services Group, Inc. (NYSE:HIG) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $122.28.

A number of research firms have recently weighed in on HIG. BMO Capital Markets raised their price objective 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. StockNews.com raised shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. UBS Group lifted their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group upped their target price on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th.

The Hartford Financial Services Group Stock Up 0.5 %

Shares of HIG traded up $0.57 during trading hours on Friday, hitting $111.46. The company had a trading volume of 1,404,797 shares, compared to its average volume of 1,155,968. The company has a market capitalization of $32.31 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The company's fifty day moving average price is $113.44 and its two-hundred day moving average price is $113.08. The Hartford Financial Services Group has a one year low of $85.34 and a one year high of $124.90. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26.

Insider Activity at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the sale, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DT Investment Partners LLC purchased a new stake in The Hartford Financial Services Group during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after acquiring an additional 234 shares during the last quarter. Clean Yield Group purchased a new stake in shares of The Hartford Financial Services Group during the third quarter worth approximately $33,000. BNP Paribas acquired a new position in The Hartford Financial Services Group in the 3rd quarter valued at $35,000. Finally, Ashton Thomas Securities LLC acquired a new stake in The Hartford Financial Services Group during the 3rd quarter worth $40,000. Hedge funds and other 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.