Hartford Financial Services Group PT Raised to $42.00 at Keefe, Bruyette & Woods (HIG)
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.
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