Share on StockTwits

Equities research analysts at Keefe, Bruyette & Woods lifted their target price on shares of Hartford Financial Services Group (NYSE:HIG) from $40.00 to $42.00 in a research note issued to investors on Wednesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 17.09% from the company’s current price.

A number of other firms have also recently commented on HIG. Analysts at Zacks reiterated a “neutral” rating on shares of Hartford Financial Services Group in a research note on Tuesday. They now have a $36.00 price target on the stock. Separately, analysts at Portales Partners downgraded shares of Hartford Financial Services Group from an “outperform” rating to a “sector perform” rating in a research note on Monday. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Hartford Financial Services Group in a research note on Monday, March 17th. They now have a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.77.

Hartford Financial Services Group (NYSE:HIG) traded up 2.02% during mid-day trading on Wednesday, hitting $35.87. 6,739,818 shares of the company’s stock traded hands. Hartford Financial Services Group has a 52-week low of $27.72 and a 52-week high of $36.76. The stock’s 50-day moving average is $34.94 and its 200-day moving average is $34.82. The company has a market cap of $16.010 billion and a P/E ratio of 17.67. Hartford Financial Services Group also saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 14,490,397 shares, a decline of 18.7% from the March 31st total of 17,816,317 shares. Based on an average daily volume of 4,290,796 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.4% of the company’s shares are sold short.

Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.25. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $5.60 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Hartford Financial Services Group will post $3.63 EPS for the current fiscal year.

Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.