Favorable News Coverage Somewhat Unlikely to Impact Hartford Financial Services Group, Inc. (The) (HIG) Share Price

Press coverage about Hartford Financial Services Group, Inc. (The) (NYSE:HIG) has trended positive on Friday, according to AlphaOne. AlphaOne, a unit of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hartford Financial Services Group, Inc. (The) earned a news impact score of 0.37 on AlphaOne’s scale. AlphaOne also assigned media stories about the insurance provider an impact score of 49 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Alpha One Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

Shares of Hartford Financial Services Group, Inc. (NYSE:HIG) traded up 1.04% during midday trading on Friday, hitting $52.41. The stock had a trading volume of 4,217,352 shares. The firm has a market cap of $19.25 billion, a P/E ratio of 21.31 and a beta of 0.93. The company’s 50 day moving average is $49.69 and its 200 day moving average is $48.57. Hartford Financial Services Group, Inc. has a 52 week low of $38.92 and a 52 week high of $52.41.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last posted its earnings results on Thursday, April 27th. The insurance provider reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by $0.02. Hartford Financial Services Group, Inc. (The) had a net margin of 5.12% and a return on equity of 7.48%. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Hartford Financial Services Group, Inc. will post $4.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 1st will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. Hartford Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 37.70%.

Several equities research analysts have commented on HIG shares. Zacks Investment Research cut Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Wells Fargo & Company restated a “hold” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Tuesday, April 18th. Credit Suisse Group set a $53.00 target price on Hartford Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Saturday, April 1st. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hartford Financial Services Group, Inc. (The) in a research note on Thursday, April 6th. Finally, J P Morgan Chase & Co cut their target price on Hartford Financial Services Group, Inc. (The) from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Hartford Financial Services Group, Inc. (The) has a consensus rating of “Hold” and an average target price of $51.17.

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About Hartford Financial Services Group, Inc. (The)

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