KBW Sticks to Their Buy Rating for Hartford Insurance (HIG)
In a report released yesterday, Meyer Shields from KBW maintained a Buy rating on Hartford Insurance, with a price target of $163.00. The company’s shares closed yesterday at $141.06.
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According to TipRanks, Shields is a 5-star analyst with an average return of 11.2% and a 67.34% success rate. Shields covers the Financial sector, focusing on stocks such as Allstate, Chubb, and Progressive.
Currently, the analyst consensus on Hartford Insurance is a Moderate Buy with an average price target of $152.43, an 8.06% upside from current levels. In a report released on February 21, TipRanks – xAI also reiterated a Buy rating on the stock with a $161.00 price target.
Based on Hartford Insurance’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.31 billion and a net profit of $1.13 billion. In comparison, last year the company earned a revenue of $6.8 billion and had a net profit of $853 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HIG in relation to earlier this year. Earlier this month, Lori A Rodden, the EVP of HIG sold 5,681.00 shares for a total of $805,679.42.
Read More on HIG:
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- Hartford Financial price target raised to $163 from $160 at Keefe Bruyette
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