Royal Bank Of Canada Reaffirms Buy Rating for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

Hartford Financial Services Group, Inc. (The) (NYSE:HIG)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Wednesday, July 12th. They presently have a $54.00 target price on the insurance provider’s stock. Royal Bank Of Canada’s price objective suggests a potential downside of 3.66% from the company’s previous close.

Several other equities research analysts have also weighed in on HIG. UBS AG reiterated a “buy” rating and issued a $58.00 price objective (up from $54.00) on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, June 26th. Credit Suisse Group set a $51.00 target price on Hartford Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a report on Sunday, April 30th. BidaskClub downgraded Hartford Financial Services Group, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $58.00 target price on shares of Hartford Financial Services Group, Inc. (The) in a report on Wednesday, June 28th. Finally, FBR & Co boosted their target price on Hartford Financial Services Group, Inc. (The) from $49.00 to $54.00 and gave the stock a “mkt perform” rating in a report on Tuesday, July 11th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $54.67.

Hartford Financial Services Group, Inc. (NYSE:HIG) opened at 56.05 on Wednesday. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 30.76 and a beta of 0.93. The stock has a 50 day moving average price of $53.31 and a 200-day moving average price of $49.86. Hartford Financial Services Group, Inc. has a 12-month low of $39.68 and a 12-month high of $56.60.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.10. Hartford Financial Services Group, Inc. (The) had a return on equity of 9.13% and a net margin of 3.73%. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Hartford Financial Services Group, Inc. will post $4.26 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. increased its position in Hartford Financial Services Group, Inc. (The) by 85.8% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 1,000 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 2,293 shares of the insurance provider’s stock valued at $106,000 after buying an additional 10 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) during the second quarter valued at about $119,000. Hartford Financial Management Inc. increased its stake in shares of Hartford Financial Services Group, Inc. (The) by 489.6% in the first quarter. Hartford Financial Management Inc. now owns 2,653 shares of the insurance provider’s stock valued at $127,000 after buying an additional 2,203 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Hartford Financial Services Group, Inc. (The) during the first quarter valued at about $163,000. Institutional investors own 90.85% of the company’s stock.

About Hartford Financial Services Group, Inc. (The)

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

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