Goldman Sachs Group began coverage on shares of Hartford Financial Services Group (NYSE:HIG) in a report issued on Monday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $59.00 price objective on the insurance provider’s stock.

A number of other research analysts also recently commented on the company. Wells Fargo & Company set a $55.00 price target on Hartford Financial Services Group and gave the company a hold rating in a research note on Thursday, November 16th. B. Riley reaffirmed a neutral rating on shares of Hartford Financial Services Group in a research note on Monday, November 6th. UBS boosted their price target on Hartford Financial Services Group 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 from a sell rating to a hold rating in a research note on Tuesday, October 24th. Finally, Barclays boosted their price target on Hartford Financial Services Group from $61.00 to $64.00 and gave the company an overweight rating in a research note on Monday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Hartford Financial Services Group has a consensus rating of Buy and a consensus target price of $57.54.

Hartford Financial Services Group (NYSE HIG) opened at $54.92 on Monday. The company has a market capitalization of $19,491.11, a PE ratio of 14.69, a P/E/G ratio of 1.25 and a beta of 0.98. Hartford Financial Services Group has a 52 week low of $46.35 and a 52 week high of $58.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.68 billion. Hartford Financial Services Group had a return on equity of 8.21% and a net margin of 2.63%. Hartford Financial Services Group’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. equities analysts expect that Hartford Financial Services Group will post 3.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. 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 payout ratio is currently 76.34%.

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its holdings in shares of Hartford Financial Services Group by 126.1% during the second quarter. Acadian Asset Management LLC now owns 12,967 shares of the insurance provider’s stock worth $682,000 after purchasing an additional 7,233 shares during the last quarter. Rothschild Asset Management Inc. grew its holdings in shares of Hartford Financial Services Group by 19.6% during the second quarter. Rothschild Asset Management Inc. now owns 14,035 shares of the insurance provider’s stock worth $738,000 after purchasing an additional 2,297 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Hartford Financial Services Group by 13.7% during the second quarter. Sei Investments Co. now owns 112,790 shares of the insurance provider’s stock worth $5,929,000 after purchasing an additional 13,605 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Hartford Financial Services Group by 2.3% during the second quarter. Stratos Wealth Partners LTD. now owns 6,526 shares of the insurance provider’s stock worth $343,000 after purchasing an additional 144 shares during the last quarter. Finally, AT Bancorp grew its holdings in shares of Hartford Financial Services Group by 1.4% during the second quarter. AT Bancorp now owns 31,103 shares of the insurance provider’s stock worth $1,634,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://theolympiareport.com/2017/12/07/goldman-sachs-group-begins-coverage-on-hartford-financial-services-group-hig.html.

About Hartford Financial Services Group

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

Receive News & Ratings for Hartford Financial Services Group Inc 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 and related companies with Analyst Ratings Network's FREE daily email newsletter.