Hartford Financial Services Group Reaches New 12-Month High at $37.23 (HIG)
Hartford Financial Services Group (NYSE:HIG) hit a new 52-week high during mid-day trading on Tuesday , AnalystRatings.Net reports. The company traded as high as $37.23 and last traded at $37.10, with a volume of 2,074,503 shares. The stock had previously closed at $36.68.
A number of analysts have recently weighed in on HIG shares. 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Hartford Financial Services Group has an average rating of “Buy” and an average price target of $39.43.
The stock has a 50-day moving average of $35.48 and a 200-day moving average of $35.25. The company has a market cap of $16.649 billion and a P/E ratio of 27.87.
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. Shareholders 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 1.96%. The ex-dividend date is Thursday, August 28th. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.15.
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 shares were sold at an average price of $35.03, for a total transaction of $623,428.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.
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