B.Riley FBR analyst Randy Binner maintained a Hold rating on Hartford Financial (NYSE: HIG) today and set a price target of $55. The company’s shares closed yesterday at $52.70.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 15.7% and a 70.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Health Insurance Innovations, and National General Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Hartford Financial with a $56.67 average price target, implying a 7.5% upside from current levels. In a report released today, Credit Suisse also initiated coverage with a Hold rating on the stock with a $57 price target.
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Based on Hartford Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.75 billion and net profit of $431 million. In comparison, last year the company earned revenue of $4.74 billion and had a GAAP net loss of $40 million.
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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.
