Hartford Financial Services Group’s “Neutral” Rating Reaffirmed at Zacks (HIG)
Hartford Financial Services Group (NYSE:HIG)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a $32.00 price target on the stock. Zacks‘ price objective indicates a potential upside of 3.76% from the company’s current price.
Shares of Hartford Financial Services Group (NYSE:HIG) traded up 2.24% during mid-day trading on Friday, hitting $31.53. The stock had a trading volume of 1,128,059 shares. Hartford Financial Services Group has a 52-week low of $20.12 and a 52-week high of $32.60. The stock’s 50-day moving average is $30.98 and its 200-day moving average is $29.79. The company’s market cap is $14.347 billion.
Hartford Financial Services Group (NYSE:HIG) last announced its earnings results 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 prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue 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.
A number of other analysts have also recently weighed in on HIG. Analysts at Argus raised their price target on shares of Hartford Financial Services Group (NYSE:HIG) from $35.00 to $37.00 in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. Separately, 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. 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.88.
Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.
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