Hartford Financial Services Group’s “Neutral” Rating Reaffirmed at Zacks (HIG)
Hartford Financial Services Group (NYSE:HIG)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Tuesday. They currently have a $38.00 price target on the stock. Zacks‘s target price would indicate a potential upside of 4.31% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Hartford Financial Services Group from $40.00 to $42.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. 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, April 28th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Hartford Financial Services Group currently has a consensus rating of “Buy” and a consensus target price of $38.44.
Hartford Financial Services Group (NYSE:HIG) traded up 1.73% on Tuesday, hitting $36.43. The stock had a trading volume of 3,266,653 shares. Hartford Financial Services Group has a one year low of $29.37 and a one year high of $36.76. The stock’s 50-day moving average is $35.37 and its 200-day moving average is $35.07. The company has a market cap of $16.382 billion and a price-to-earnings ratio of 19.50.
Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Monday, April 28th. The company reported $1.18 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.92 earnings per share. Hartford Financial Services Group’s revenue was up 17.2% compared to the same quarter last year. Analysts expect that Hartford Financial Services Group will post $3.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 29th.
Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.
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