Economy

Analysts Showing Optimistic Trends For The Hartford Financial Services Group, Inc. (HIG)

Point72 Asia (Hong Kong) accumulated 150 shares or 0% of the stock. GAM Holding AG's holdings in Hartford Financial Services Group, Inc. (The) by 1.2% in the first quarter.

Several other large investors have also modified their holdings of HIG. Zacks Investment Research lowered shares of Hartford Financial Services Group, Inc. (The) by 0.4% in the first quarter.

Many analysts are providing their Estimated Earnings analysis for The Hartford Financial Services Group, Inc. and for the current quarter 16 analysts have projected that the stock could give an Average Earnings estimate of $1.05/share.

Utah Retirement Systems reduced its position in Hartford Financial Services Group, Inc. (The) by 4.3% in the first quarter. Westside Investment Management Inc. now owns 2,165 shares of the insurance provider's stock worth $103,000 after buying an additional 1,000 shares in the last quarter. Pioneer Inv Mngmt invested 0.33% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). (The) during the first quarter worth $42,367,000. Wetherby Asset Management Inc. boosted its stake in Hartford Financial Services Group, Inc. Bronfman E.L. Rothschild L.P. now owns 4,111 shares of the insurance provider's stock worth $216,000 after buying an additional 48 shares in the last quarter. Guggenheim Capital Ltd Limited Liability Company invested 0.15% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG).

The Hartford Financial Services Group, Inc. closed its last trading session at $54.49 with the loss of -0.29%. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 29.82 and a beta of 0.93. FBR Capital downgraded Hartford Financial Services Group Inc (NYSE:HIG) on Monday, November 28 to "Mkt Perform" rating. The day began at US$54.12 but the price moved to US$53.64 at one point during the trading and finally capitulating to a session high of US$54.66. Hartford Financial had 35 analyst reports since July 28, 2015 according to SRatingsIntel. (The) also was the recipient of some unusual options trading on Monday. Traders purchased 8,941 put options on the stock. This represents an increase of 766% compared to the typical daily volume of 1,033 put options. The insurance provider reported $1.04 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.94 by $0.10. The return on equity ratio or ROE stands at 14.6 percent while most common profitability ratio return on investment (ROI) was 13 percent. The company had revenue of $4.77 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the business earned $0.31 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis.

Analyst Thoughts About The Hartford Financial Services Group, Inc.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be given a $0.23 dividend. The difference between the expected and actual EPS was $0.1/share, which represents an Earnings surprise of 10.6%. The company was maintained on Wednesday, August 19 by UBS. (The)'s dividend payout ratio (DPR) is now 51.40%.

COPYRIGHT VIOLATION WARNING: This article was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and global copyright and trademark law. The legal version of this article can be viewed at https://www.truebluetribune.com/2017/08/30/hartford-financial-services-group-inc-the-hig-position-maintained-by-gam-holding-ag.html. HIG's SI was 3.33M shares in August as released by FINRA.

Is The Hartford Financial Services Group, Inc. (The) in a research note on Sunday, July 30th. Jennison Assocs Lc has invested 0% in Hartford Financial Services Group Inc (NYSE:HIG). (The) in a report on Monday, June 26th.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The firm has "Buy" rating given on Friday, June 3 by Wunderlich. (The) from a "buy" rating to a "hold" rating in a report on Thursday, July 6th. Kbc Nv has invested 0.18% in Hartford Financial Services Group Inc (NYSE:HIG). (The) in a research note on Tuesday, July 4th.

Among 8 analysts covering Rambus Inc (NASDAQ:RMBS), 6 have Buy rating, 0 Sell and 2 Hold. The average 1-year price target for (HIG) reveals an average price target of $56.89 per share.



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