Hartford Financial Services Group Given New $36.00 Price Target at RBC Capital (HIG)
Equities researchers at RBC Capital hoisted their target price on shares of Hartford Financial Services Group (NYSE:HIG) from $35.00 to $36.00 in a research report issued on Friday. RBC Capital’s price objective points to a potential upside of 5.79% from the stock’s previous close.
Shares of Hartford Financial Services Group (NYSE:HIG) traded down 0.38% on Friday, hitting $34.03. The stock had a trading volume of 4,757,250 shares. Hartford Financial Services Group has a 52 week low of $29.37 and a 52 week high of $36.87. The stock’s 50-day moving average is $35.8 and its 200-day moving average is $35.11. The company has a market cap of $16.706 billion and a price-to-earnings ratio of 26.94.
Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.37. During the same quarter in the prior year, the company posted $0.66 earnings per share. On average, analysts predict that Hartford Financial Services Group will post $3.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, August 28th. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.15.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hartford Financial Services Group in a research note on Tuesday, July 1st. They now have a $38.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $39.43.
Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.
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