The Hartford Financial Services Group (NYSE:HIG) Price Target Raised to $139.00

The Hartford Financial Services Group (NYSE:HIG) had its price target upped by equities research analysts at Keefe, Bruyette & Woods from $135.00 to $139.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 30.82% from the stock’s previous close.

Several other brokerages have also recently issued reports on HIG. Bank of America raised their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. BMO Capital Markets lifted their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their target price on shares of The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, September 17th. Finally, UBS Group increased their price target on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, The Hartford Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $122.50.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $106.25 on Friday. The business has a fifty day moving average of $114.43 and a 200 day moving average of $112.33. The Hartford Financial Services Group has a 1 year low of $81.69 and a 1 year high of $124.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $30.80 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HIG. DT Investment Partners LLC purchased a new stake in The Hartford Financial Services Group during the 3rd quarter worth approximately $26,000. Clean Yield Group acquired a new stake in shares of The Hartford Financial Services Group in the third quarter worth approximately $33,000. Quest Partners LLC boosted its stake in shares of The Hartford Financial Services Group by 2,750.0% in the second quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 275 shares during the last quarter. BNP Paribas purchased a new stake in shares of The Hartford Financial Services Group during the third quarter worth approximately $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in The Hartford Financial Services Group in the 3rd quarter valued at $40,000. Institutional investors and hedge funds 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.