The Hartford Financial Services Group (NYSE:HIG – Get Free Report) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, MarketBeat reports. The firm currently has a $135.00 target price on the insurance provider’s stock, up from their prior target price of $130.00. Barclays‘s price target indicates a potential upside of 23.74% from the company’s current price.
Several other analysts have also weighed in on the stock. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group increased their price objective on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group raised their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods upped their price target on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets raised their price objective on 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. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.28.
Check Out Our Latest Stock Analysis on HIG
The Hartford Financial Services Group Trading Up 0.4 %
Insider Buying and Selling
In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the sale, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. DT Investment Partners LLC purchased a new position in The Hartford Financial Services Group in the third quarter valued at approximately $26,000. Quest Partners LLC raised its stake in shares of The Hartford Financial Services Group by 2,750.0% in the second quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock valued at $29,000 after buying an additional 275 shares during the period. Clean Yield Group bought a new stake in shares of The Hartford Financial Services Group in the third quarter valued at $33,000. BNP Paribas purchased a new position in shares of The Hartford Financial Services Group during the 3rd quarter valued at $35,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth $40,000. 93.42% of the stock is owned by institutional investors.
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.
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