KBW Believes Hartford Financial (NYSE: HIG) Won’t Stop Here

By Carrie Williams

In a report issued on June 26, Meyer Shields from KBW reiterated a Buy rating on Hartford Financial (NYSE: HIG), with a price target of $58. The company’s shares opened today at $52.44, close to its 52-week high of $52.68.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 6.1% and a 72.1% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Infinity Property and Casualty, and American International Group.

Currently, the analyst consensus on Hartford Financial is Moderate Buy and the average price target is $56.33, representing a 7.4% upside.

In a report issued on June 19, Deutsche Bank also maintained a Buy rating on the stock with a $60 price target.

The company has a one year high of $52.68 and a one year low of $38.92. Currently, Hartford Financial has an average volume of 2.52M.

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The Hartford Financial Services Group, Inc. is an insurance and financial services company. The company provides life insurance, group and employee benefits, automobile and homeowners insurance and business insurance, as well as investment products, annuities, mutual funds, and college savings plans.