The Hartford Financial Services Group (NYSE:HIG) Price Target Lowered to $126.00 at Wells Fargo & Company

The Hartford Financial Services Group (NYSE:HIG) had its price target trimmed by Wells Fargo & Company from $130.00 to $126.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the insurance provider’s stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Bank of America raised their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, BMO Capital Markets increased their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.89.

The Hartford Financial Services Group Price Performance

HIG opened at $112.39 on Monday. The Hartford Financial Services Group has a 1 year low of $88.81 and a 1 year high of $124.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market capitalization of $32.58 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.81 and a beta of 0.97. The firm’s fifty day moving average price is $112.91 and its two-hundred day moving average price is $113.55.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. As a group, analysts anticipate that The Hartford Financial Services Group will post 11.46 earnings per share for the current fiscal year.

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in The Hartford Financial Services Group in the 2nd quarter worth approximately $2,871,000. Czech National Bank grew its position in shares of The Hartford Financial Services Group by 5.9% during the 3rd quarter. Czech National Bank now owns 59,690 shares of the insurance provider’s stock valued at $7,020,000 after acquiring an additional 3,331 shares during the period. GAMMA Investing LLC grew its position in shares of The Hartford Financial Services Group by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 9,483 shares of the insurance provider’s stock valued at $1,115,000 after acquiring an additional 1,884 shares during the period. McLean Asset Management Corp bought a new position in The Hartford Financial Services Group in the 3rd quarter worth $208,000. Finally, Clean Yield Group purchased a new position in The Hartford Financial Services Group during the third quarter valued at $33,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.