Hartford Financial Services Group (NYSE:HIG)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Tuesday, ARN reports. They currently have a $32.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 4.71% from the stock’s previous close.
Shares of Hartford Financial Services Group (NYSE:HIG) opened at 30.56 on Tuesday. Hartford Financial Services Group has a one year low of $15.65 and a one year high of $32.33. The stock’s 50-day moving average is currently $30.79. The company’s market cap is $13.932 billion.
Hartford Financial Services Group (NYSE:HIG) last released its earnings data on Monday, July 29th. The company reported $0.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.05. The company had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the company posted $0.56 earnings per share. Hartford Financial Services Group’s revenue was up 19.7% compared to the same quarter last year. On average, analysts predict that Hartford Financial Services Group will post $3.22 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HIG. Analysts at Bank of America Corp. raised their price target on shares of Hartford Financial Services Group to $34.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Hartford Financial Services Group from $28.00 to $32.00 in a research note to investors on Thursday, July 18th. They now have a “market perform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of Hartford Financial Services Group from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, July 15th.
Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Hartford Financial Services Group presently has an average rating of “Buy” and a consensus price target of $33.67.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 29th. This is a positive change from Hartford Financial Services Group’s previous quarterly dividend of $0.10.
Hartford Financial Services Group Inc, formerly The Hartford Financial Services Group, Inc, is an insurance and financial services company.
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