In a report released on February 2, Scott Heleniak from RBC Capital maintained a Hold rating on Hartford Financial (HIG – Research Report), with a price target of $95.00. The company’s shares closed last Friday at $90.32.
Heleniak covers the Financial sector, focusing on stocks such as Chubb, Arthur J Gallagher & Co, and Aon. According to TipRanks, Heleniak has an average return of 13.6% and a 91.49% success rate on recommended stocks.
In addition to RBC Capital, Hartford Financial also received a Hold from Oppenheimer’s Michael Phillips CFA in a report issued on February 2. However, today, KBW assigned a Buy rating to Hartford Financial (NYSE: HIG).
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Based on Hartford Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.17 billion and a net profit of $651 million. In comparison, last year the company earned a revenue of $5.58 billion and had a net profit of $340 million
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Hartford Financial (HIG) Company Description:
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. It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds. The Commercial Lines segment provides workers compensation, property, automobile, liability and umbrella coverage under several different products, primarily throughout the U.S., within its standard commercial lines, which consists of The Hartford’s small commercial and middle market lines of business. The Personal Lines segment includes automobile, homeowners and home-based business coverage to individuals across the U.S. The Property & Casualty Other Operations segment includes certain property and casualty operations, currently managed by the company, that have discontinued writing new business and substantially all of the company’s asbestos and environmental exposures. The Group Benefits segment offers group life, accident and disability coverage, group retiree health and voluntary benefits to individual members of employer groups, associations, affinity groups and financial institutions. The Hartford Funds segment offers investment products for retail and retirement accounts and provides investment management and administrative services such as product design, implementation and oversight. The Hartford Financial Services Group was founded on May 10, 1810 and is headquartered in Hartford, CT.
Read More on HIG:
- Hartford Financial price target raised to $90 from $80 at Roth MKM
- Hartford Financial reports Q4 EPS $2.51, consensus $2.44
- Hartford Financial options imply 2.6% move in share price post-earnings
- HIG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Hartford Financial price target raised to $97 from $88 at BofA
