The Hartford Financial Services Group (NYSE:HIG) Upgraded at Barclays

The Hartford Financial Services Group (NYSE:HIG) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage presently has a $135.00 price target on the insurance provider’s stock, up from their prior price target of $130.00. Barclays‘s price target would suggest a potential upside of 23.29% from the stock’s current price.

A number of other analysts also recently weighed in on the company. BMO Capital Markets lifted their price target on 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. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Jefferies Financial Group increased their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of The Hartford Financial Services Group from $122.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.28.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $109.50 on Monday. The Hartford Financial Services Group has a 52 week low of $81.04 and a 52 week high of $124.90. The company has a 50-day moving average price of $114.75 and a 200 day moving average price of $112.22. The company has a market cap of $31.74 billion, a P/E ratio of 10.97, a PEG ratio of 0.92 and a beta of 0.95. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In other news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction dated 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 in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Hartford Financial Services Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group during the 3rd quarter valued at $26,000. Quest Partners LLC boosted its holdings in 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 valued at $29,000 after acquiring an additional 275 shares during the last quarter. Clean Yield Group purchased a new stake in The Hartford Financial Services Group during the third quarter valued at about $33,000. BNP Paribas acquired a new stake in The Hartford Financial Services Group during the third quarter worth about $35,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of The Hartford Financial Services Group in the 3rd quarter worth about $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.