Analyst Ratings for The Hartford (HIG)
A recent analyst review has upgraded The Hartford Financial Services Group’s (HIG) stock ratings and price targets. Key changes include:
- Piper Sandler raised the price target from $112 to $125 with an “overweight” rating.
- Royal Bank of Canada increased the target from $105 to $115, assigning a “sector perform” rating.
- Barclays initiated coverage with a target price of $130 and an “equal weight” rating.
- Argus upgraded the stock to “strong-buy.”
- JPMorgan raised the target from $104 to $116 with a “neutral” rating.
In total, 9 analysts recommend holding the stock, 9 suggest buying, and 1 rates it as a strong buy. The average recommendation is “Moderate Buy” with a target price of $113.22.
Latest Stock Analysis on The Hartford
Recent Stock Performance
The Hartford Financial Services Group’s stock has decreased by 0.8% recently. Key financial metrics include:
- Debt-to-equity ratio: 0.28
- Current ratio: 0.32
- Market cap: $34.5 billion
- PE ratio: 13.25
- 50-day moving average: $112.90
In its last quarterly report on July 25, the company reported an EPS of $2.50, surpassing estimates of $2.24, and revenue of $6.49 billion, compared to expectations of $6.02 billion.
Dividend Announcement
The Hartford declared a quarterly dividend of $0.47 per share, paid on October 2, with an annual yield of 1.61%. The dividend payout ratio is 21.36%.
On July 25, the company also announced a stock buyback program worth $3.30 billion, allowing it to repurchase up to 10.9% of its shares.
Institutional Investment Activity
Recent changes by institutional investors include:
- Hotchkis & Wiley increased their holdings by 26.2% in Q4.
- BNP PARIBAS boosted their stake by 72% in Q1.
- Healthcare of Ontario Pension Fund raised their position by over 300% in Q1.
Institutional investors now hold 93.42% of the stock.
About The Hartford
The Hartford Financial Services Group provides various insurance and financial services in the U.S. and internationally, including commercial insurance products.
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