KBW Reiterates a Buy Rating on Hartford Financial

By Ryan Adsit

KBW analyst Meyer Shields reiterated a Buy rating on Hartford Financial (NYSE: HIG) yesterday and set a price target of $60. The company’s shares closed yesterday at $54.07.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 4.1% and a 66.9% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Universal Insurance Holdings Inc, and Infinity Property and Casualty.

Hartford Financial has an analyst consensus of Moderate Buy, with a price target consensus of $57.83.

Hartford Financial’s market cap is currently $19.72B and has a P/E ratio of 30.21. The company has a book value ratio of 1.1348.

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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.