A number of firms have modified their ratings and price targets on shares of Hartford Financial Services Group, Inc. (The) (NYSE: HIG) recently:

  • 10/24/2017 – Hartford Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hartford Financial’s earnings surpassed the Zacks Consensus Estimate but declined year over year primarily due to higher current accident year catastrophe losses. Shares of the company have outperformed the industry year to date. Hartford Financial’s strategic initiatives pave the way for long-term growth. The company’s deal to acquire Aetna’s group life and disability business is likely to strengthen and enhance its Group Benefits distribution capabilities and accelerate its technology strategy. Moreover, the company’s investment results are impressive on the back of recent interest rate hikes. Its efficient capital management also remains a positive. However, being a property and casualty insurer, the company is severely exposed to catastrophic losses. Moreover, softness in Personal Lines and Talcott Resolution segment remains a major headwind.”
  • 10/24/2017 – Hartford Financial Services Group, Inc. (The) had its price target raised by analysts at UBS AG from $58.00 to $60.00. They now have a “buy” rating on the stock.
  • 10/23/2017 – Hartford Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $55.00 price target on the stock.
  • 10/17/2017 – Hartford Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Being a property and casualty insurer, Hartford Financial is severely exposed to catastrophic losses that have been impacting the margins negatively over past many years. Moreover, the company’s Personal Lines business that has remained a drag, continues to affect the top and bottom line adversely. This apart, continued softness in the company’s Talcott Resolution segment has remained a major headwind. The company has seen its Zacks Consensus Estimate for 2017 and 2018 earnings being revised downward in the past 30 days. Although the shares have outperformed the industry in a year’s time, the company’s headwinds are likely to keep the stock price under pressure.The company will release third quarter results on Oct 26, 2017 after the market closes.”
  • 10/16/2017 – Hartford Financial Services Group, Inc. (The) had its price target raised by analysts at Barclays PLC from $61.00 to $64.00. They now have an “overweight” rating on the stock.
  • 10/3/2017 – Hartford Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Being a property & casualty insurer, Hartford Financial is always exposed to catastrophe challenges. The company’s underwriting results have been affected by catastrophic losses over past many years. Moreover, the company’s top line has been severely affected by its Talcott Resolution segment that has been a drag over quite a few quarters. Weak Personal Lines segment has also remained a major headwind. Softness in these two segments have adversely affected the company’s top and bottom line. The company has seen its Zacks Consensus Estimate for 2018 earnings being revised downward in the past seven days. Although the shares have slightly outperformed the industry in the past three months, the company’s headwinds are likely to put the stock price under pressure going forward.”
  • 10/3/2017 – Hartford Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $60.00 price target on the stock.
  • 9/25/2017 – Hartford Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Year to date,  shares of Hartford Financial have outperformed the industry. The company is well poised for long-term growth, given its strong foothold in the property and casualty market. The recent interest rate hikes have significantly favored the company’s investment results, boosting its top line in turn. Moreover, the company has taken up several action plans to improve its risk profile which are likely to drive the company's underwriting results going forward. Efficient capital management also helps it in enhancing shareholders' value through several capital deployment activities. The company has seen the Zacks Consensus Estimates for 2017 and 2018 earnings being revised upward in last 60 days. However, severe exposure to catastrophic events bothers. In addition, softness in Talcott Resolution and Personal Lines segments also affects the underwriting results.”
  • 9/22/2017 – Hartford Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “Year to date,  shares of Hartford Financial have outperformed the industry. The company is well poised for long-term growth, given its strong foothold in the property and casualty market. The recent interest rate hikes have significantly favored the company’s investment results, boosting its top line in turn. Moreover, the company has taken up several action plans to improve its risk profile which are likely to drive the company's underwriting results going forward. Efficient capital management also helps it in enhancing shareholders' value through several capital deployment activities. The company has seen the Zacks Consensus Estimates for 2017 and 2018 earnings being revised upward in last 60 days.”
  • 9/18/2017 – Hartford Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Year to date,  shares of Hartford Financial have outperformed the industry. The company is well poised for long-term growth, given its strong foothold in the property and casualty market. The recent interest rate hikes have significantly favored the company’s investment results, boosting its top line in turn. Moreover, the company has taken up several action plans to improve its risk profile which are likely to drive the company's underwriting results going forward. Efficient capital management also helps it in enhancing shareholders' value through several capital deployment activities. The company has seen the Zacks Consensus Estimates for 2017 and 2018 earnings being revised upward in last 60 days. However, the company's severe exposure to catastrophic events continues to affect its bottom line. Weak Personal Lines and Talcott Resolution businesses also remain major headwinds.”
  • 9/14/2017 – Hartford Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Year to date,  shares of Hartford Financial have outperformed the industry. The company is well poised for long-term growth, given its strong foothold in the property and casualty market. The recent interest rate hikes have significantly favored the company’s investment results, boosting its top line in turn. Moreover, the company has taken up several action plans to improve its risk profile which are likely to drive the company's underwriting results going forward. Efficient capital management also helps it in enhancing shareholders' value through several capital deployment activities. The company has seen the Zacks Consensus Estimates for 2017 and 2018 earnings being revised upward in last 60 days.”
  • 9/11/2017 – Hartford Financial Services Group, Inc. (The) is now covered by analysts at Buckingham Research. They set a “buy” rating and a $63.00 price target on the stock.

Shares of Hartford Financial Services Group, Inc. (HIG) traded up 0.609% during mid-day trading on Wednesday, hitting $55.385. 1,606,525 shares of the company were exchanged. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 30.398 and a beta of 0.91. Hartford Financial Services Group, Inc. has a 12-month low of $43.18 and a 12-month high of $57.16. The firm has a 50 day moving average of $55.11 and a 200 day moving average of $52.80.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Hartford Financial Services Group, Inc. (The) had a return on equity of 8.21% and a net margin of 2.63%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Equities research analysts forecast that Hartford Financial Services Group, Inc. will post $3.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 30th. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio is presently 70.23%.

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