Hartford Financial Services Group Receives Average Recommendation of “Buy” from Analysts (NYSE:HIG)
Hartford Financial Services Group (NYSE:HIG) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, Analyst Ratings Net reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $39.43.
Hartford Financial Services Group (NYSE:HIG) opened at 34.60 on Wednesday. Hartford Financial Services Group has a 52-week low of $29.37 and a 52-week high of $36.87. The stock has a 50-day moving average of $35.53 and a 200-day moving average of $35.0. The company has a market cap of $15.494 billion and a P/E ratio of 26.29.
Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.37. During the same quarter in the previous year, the company posted $0.66 earnings per share. Analysts expect that Hartford Financial Services Group will post $3.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders 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 2.08%. The ex-dividend date is Thursday, August 28th. This is a boost from Hartford Financial Services Group’s previous quarterly dividend of $0.15.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Hartford Financial Services Group in a research note on Friday, August 1st. They now have a $36.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of Hartford Financial Services Group from $35.00 to $36.00 in a research note on Friday, August 1st.
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.