The Hartford (HIG) Given a $56.00 Price Target by Wells Fargo Analysts
The Hartford (NYSE:HIG) received a $56.00 price target from Wells Fargo in a report issued on Thursday. The firm currently has a “hold” rating on the insurance provider’s stock. Wells Fargo’s price target would suggest a potential upside of 2.60% from the company’s previous close.
Other research analysts have also issued reports about the company. ValuEngine lowered The Hartford from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered The Hartford from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Citigroup decreased their price objective on The Hartford from $59.00 to $55.00 and set a “hold” rating on the stock in a report on Tuesday, April 10th. Finally, TheStreet lowered The Hartford from a “b-” rating to a “c+” rating in a report on Friday, April 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The Hartford presently has a consensus rating of “Buy” and a consensus price target of $59.42.
HIG stock opened at $54.58 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.35. The company has a market cap of $18,502.35, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97. The Hartford has a 1-year low of $46.69 and a 1-year high of $59.20.
In other news, SVP Scott R. Lewis sold 2,319 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $53.87, for a total transaction of $124,924.53. Following the sale, the senior vice president now directly owns 16,187 shares of the company’s stock, valued at approximately $871,993.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David C. Robinson sold 868 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $51.39, for a total value of $44,606.52. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. grew its holdings in shares of The Hartford by 103.2% during the 4th quarter. First Manhattan Co. now owns 1,969 shares of the insurance provider’s stock worth $110,000 after purchasing an additional 1,000 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of The Hartford during the 4th quarter worth $129,000. Delpha Capital Management LLC acquired a new stake in shares of The Hartford during the 4th quarter worth $157,000. Focused Wealth Management Inc acquired a new stake in shares of The Hartford during the 4th quarter worth $189,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of The Hartford during the 4th quarter worth $200,000. 89.87% of the stock is currently owned by institutional investors.
The Hartford Company Profile
The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.
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