Hartford Financial Services Group Given Consensus Rating of “Buy” by Brokerages (NYSE:HIG)
Shares of Hartford Financial Services Group (NYSE:HIG) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Stock Ratings Network.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.43.
In other Hartford Financial Services Group news, EVP Martha Gervasi sold 17,797 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $35.03, for a total transaction of $623,428.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Hartford Financial Services Group (NYSE:HIG) opened at 35.11 on Wednesday. Hartford Financial Services Group has a one year low of $29.37 and a one year high of $36.87. The stock has a 50-day moving average of $35.47 and a 200-day moving average of $35.09. The company has a market cap of $15.722 billion and a price-to-earnings ratio of 26.79.
Hartford Financial Services Group (NYSE:HIG) last released its 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 $3.13 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 2.05%. The ex-dividend date is Thursday, August 28th. This is an increase from Hartford Financial Services Group’s previous quarterly dividend of $0.15.
A number of research firms have recently commented on HIG. 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.
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