Hartford Financial Services Group, Inc. (The)’s (NYSE:HIG) Neutral Rating Reiterated at B. Riley

B. Riley restated their neutral rating on shares of Hartford Financial Services Group, Inc. (The) (NYSE:HIG) in a report released on Monday, November 6th. B. Riley also issued estimates for Hartford Financial Services Group, Inc. (The)’s FY2017 earnings at $3.70 EPS, FY2018 earnings at $4.50 EPS and FY2019 earnings at $4.80 EPS.

Several other research analysts also recently issued reports on the company. UBS AG upped their price objective on Hartford Financial Services Group, Inc. (The) from $60.00 to $62.00 and gave the company a buy rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Hartford Financial Services Group, Inc. (The) from a sell rating to a hold rating in a research note on Tuesday, October 24th. Wells Fargo & Company reiterated a hold rating and issued a $55.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Monday, October 23rd. Barclays PLC upped their target price on Hartford Financial Services Group, Inc. (The) from $61.00 to $64.00 and gave the company an overweight rating in a report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reiterated a buy rating and issued a $60.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Hartford Financial Services Group, Inc. (The) has a consensus rating of Buy and a consensus price target of $57.42.

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) opened at $56.14 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $20,026.21, a PE ratio of 15.09, a P/E/G ratio of 1.61 and a beta of 0.98. Hartford Financial Services Group, Inc. has a 52-week low of $46.35 and a 52-week high of $57.16.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a return on equity of 8.21% and a net margin of 2.63%. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. analysts expect that Hartford Financial Services Group, Inc. will post 3.67 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 1.78%. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 70.23%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Hartford Financial Services Group, Inc. (The) by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 36,517,346 shares of the insurance provider’s stock worth $1,919,716,000 after acquiring an additional 158,023 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Hartford Financial Services Group, Inc. (The) by 10.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 30,070,898 shares of the insurance provider’s stock worth $1,580,827,000 after purchasing an additional 2,730,796 shares during the period. Bank of New York Mellon Corp boosted its stake in Hartford Financial Services Group, Inc. (The) by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,528,791 shares of the insurance provider’s stock worth $395,789,000 after purchasing an additional 53,677 shares during the period. FMR LLC boosted its stake in Hartford Financial Services Group, Inc. (The) by 22.2% in the 2nd quarter. FMR LLC now owns 7,079,010 shares of the insurance provider’s stock worth $372,144,000 after purchasing an additional 1,284,664 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its stake in Hartford Financial Services Group, Inc. (The) by 0.3% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 6,161,222 shares of the insurance provider’s stock worth $323,895,000 after purchasing an additional 21,037 shares during the period. 90.32% of the stock is owned by institutional investors.

About Hartford Financial Services Group, Inc. (The)

Analyst Recommendations for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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