The Hartford Financial Services Group, Inc. (NYSE:HIG) Receives $122.00 Average PT from Analysts

Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen analysts that are presently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $122.00.

A number of equities research analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Barclays started coverage on shares of The Hartford Financial Services Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $130.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Friday, November 15th.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm'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 of the company's stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company's stock.

Institutional Trading of The Hartford Financial Services Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC bought a new position in The Hartford Financial Services Group during the second quarter valued at $213,000. Skandinaviska Enskilda Banken AB publ grew its holdings in The Hartford Financial Services Group by 27.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider's stock valued at $22,309,000 after purchasing an additional 48,004 shares during the last quarter. Dai ichi Life Insurance Company Ltd raised its position in The Hartford Financial Services Group by 3.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider's stock worth $16,172,000 after purchasing an additional 4,449 shares during the period. Lecap Asset Management Ltd. purchased a new stake in The Hartford Financial Services Group in the 3rd quarter worth about $633,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in The Hartford Financial Services Group by 19.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 72,992 shares of the insurance provider's stock worth $7,339,000 after purchasing an additional 11,934 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Performance

HIG traded down $1.68 during midday trading on Friday, reaching $119.54. The company had a trading volume of 982,217 shares, compared to its average volume of 1,285,954. The business has a 50-day moving average of $117.86 and a two-hundred day moving average of $110.81. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The Hartford Financial Services Group has a 1 year low of $77.82 and a 1 year high of $124.90. The company has a market cap of $34.65 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.99 and a beta of 0.95.

The Hartford Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.08 annualized dividend and a yield of 1.74%. This is a positive change from The Hartford Financial Services Group's previous quarterly dividend of $0.47. The Hartford Financial Services Group's dividend payout ratio (DPR) is 20.84%.

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.