KBW Keeps Their Buy Rating on Hartford Financial

By Carrie Williams

In a report issued on July 27, Meyer Shields from KBW reiterated a Buy rating on Hartford Financial (NYSE: HIG), with a price target of $58. The company’s shares closed on Friday at $54.82, close to its 52-week high of $55.20.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 6.9% and a 74.5% 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 $56.80, representing a 3.6% upside.

In a report issued on July 28, RBC Capital also reiterated a Buy rating on the stock with a $61 price target.

Based on Hartford Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $4.74 billion and GAAP net loss of $40 million. In comparison, last year the company earned revenue of $4.64 billion and had a net profit of $216 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.