Hartford Financial Services Group, Inc. (The) (NYSE:HIG) Receives Neutral Rating from B. Riley

B. Riley reissued 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’s FY2017 earnings at $3.70 EPS, FY2018 earnings at $4.50 EPS and FY2019 earnings at $4.80 EPS.

A number of other research firms also recently weighed in on HIG. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $58.00 target price on shares of Hartford Financial Services Group in a research report on Sunday, July 30th. UBS AG upped their price target on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the stock a buy rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Hartford Financial Services Group from a hold rating to a buy rating in a research note on Saturday, August 12th. Deutsche Bank AG reiterated a buy rating and issued a $61.00 price target (up previously from $60.00) on shares of Hartford Financial Services Group in a research note on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Hartford Financial Services Group from a hold rating to a buy rating and set a $60.00 target price on the stock in a research note on Thursday, September 14th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $57.42.

Shares of Hartford Financial Services Group (NYSE HIG) traded down $0.14 during trading on Monday, reaching $55.64. 435,642 shares of the company’s stock were exchanged, compared to its average volume of 1,634,065. The stock has a market cap of $19,897.77, a P/E ratio of 14.99, a P/E/G ratio of 1.62 and a beta of 0.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group has a fifty-two week low of $46.35 and a fifty-two week high of $57.16.

Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 EPS. sell-side analysts expect that Hartford Financial Services Group will post 3.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.23. Hartford Financial Services Group’s dividend payout ratio is 70.23%.

Several large investors have recently modified their holdings of HIG. Capstone Asset Management Co. lifted its stake in shares of Hartford Financial Services Group by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 51,341 shares of the insurance provider’s stock worth $2,699,000 after purchasing an additional 176 shares during the period. Atria Investments LLC purchased a new stake in Hartford Financial Services Group in the 2nd quarter worth approximately $247,000. NN Investment Partners Holdings N.V. increased its holdings in Hartford Financial Services Group by 67.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 114,099 shares of the insurance provider’s stock worth $5,998,000 after acquiring an additional 45,764 shares in the last quarter. Creative Planning increased its holdings in Hartford Financial Services Group by 34.2% in the 2nd quarter. Creative Planning now owns 49,153 shares of the insurance provider’s stock worth $2,584,000 after acquiring an additional 12,535 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Hartford Financial Services Group by 2.3% in the 2nd quarter. Fisher Asset Management LLC now owns 10,671 shares of the insurance provider’s stock worth $561,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was first posted by BBNS and is the sole property of of BBNS. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://baseballnewssource.com/markets/hartford-financial-services-group-inc-the-hig-receives-neutral-rating-from-b-riley/1762195.html.

About Hartford Financial Services Group

Analyst Recommendations for Hartford Financial Services Group (NYSE:HIG)

Receive News & Ratings for Hartford Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group Inc. (The) and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.