Hartford Financial Services Group Price Target Increased to $37.00 by Analysts at Argus (HIG)
Research analysts at Argus boosted their target price on shares of Hartford Financial Services Group (NYSE:HIG) from $35.00 to $37.00 in a report released on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 16.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Hartford Financial Services Group (NYSE:HIG) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 14th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hartford Financial Services Group (NYSE:HIG) in a research note to investors on Tuesday, July 30th. They now have a $32.00 price target on the stock. Finally, analysts at Bank of America Corp. raised their price target on shares of Hartford Financial Services Group (NYSE:HIG) to $34.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $33.88.
Shares of Hartford Financial Services Group (NYSE:HIG) traded down 0.41% during mid-day trading on Thursday, hitting $31.60. 464,197 shares of the company’s stock traded hands. Hartford Financial Services Group has a 52-week low of $19.00 and a 52-week high of $32.60. The stock’s 50-day moving average is $30.99 and its 200-day moving average is $29.59. The company’s market cap is $14.379 billion.
Hartford Financial Services Group (NYSE:HIG) last released its earnings data on Monday, July 29th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.05. The company had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts predict that Hartford Financial Services Group will post $3.23 earnings per share for the current fiscal year.
Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.
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