The Hartford Financial Services Group (NYSE:HIG) Price Target Increased to $90.00 by Analysts at Roth Mkm

The Hartford Financial Services Group (NYSE:HIGFree Report) had its price objective boosted by Roth Mkm from $80.00 to $90.00 in a research note released on Friday, Benzinga reports. Roth Mkm currently has a neutral rating on the insurance provider’s stock.

HIG has been the topic of a number of other reports. Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $89.00 to $85.00 and set an overweight rating on the stock in a research report on Tuesday, October 17th. StockNews.com began coverage on The Hartford Financial Services Group in a research report on Thursday, October 5th. They issued a buy rating on the stock. TD Cowen began coverage on The Hartford Financial Services Group in a research report on Wednesday, January 10th. They issued an outperform rating on the stock. Piper Sandler lifted their price objective on The Hartford Financial Services Group from $93.00 to $97.00 and gave the stock an overweight rating in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. cut The Hartford Financial Services Group from an overweight rating to a neutral rating and lowered their target price for the company from $94.00 to $91.00 in a research note on Monday, January 8th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $86.14.

Get Our Latest Analysis on The Hartford Financial Services Group

The Hartford Financial Services Group Price Performance

HIG opened at $90.32 on Friday. The stock’s 50 day simple moving average is $81.70 and its 200 day simple moving average is $75.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Financial Services Group has a 1 year low of $64.25 and a 1 year high of $91.85. The firm has a market cap of $27.17 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.33 and a beta of 0.87.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. The Hartford Financial Services Group had a return on equity of 20.28% and a net margin of 10.21%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. As a group, analysts predict that The Hartford Financial Services Group will post 9.77 earnings per share for the current year.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 47,033 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $80.41, for a total value of $3,781,923.53. Following the completion of the transaction, the chief executive officer now owns 170,180 shares in the company, valued at $13,684,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 322,718 shares of company stock worth $26,604,904. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. GoalVest Advisory LLC grew its holdings in shares of The Hartford Financial Services Group by 464.8% in the fourth quarter. GoalVest Advisory LLC now owns 305 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 251 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $26,000. CVA Family Office LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $27,000. Chilton Capital Management LLC bought a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth $28,000. Finally, Selway Asset Management bought a new stake in shares of The Hartford Financial Services Group in the third quarter worth $29,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

The Hartford Financial Services Group Company Profile

(Get Free Report)

The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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