Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Hartford Financial (HIG) yesterday and set a price target of $50. The company’s shares closed yesterday at $47.16.
Greenspan observed:
“We continue to expect the level of rate to slow in subsequent quarters. Homeowners saw rate of 9.1%, just below 10.0% in Q3.”
According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.9% and a 60.9% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, AXA Equitable Holdings Inc, and Renaissancere Holdings Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hartford Financial with a $54.75 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $58.25 and a one-year low of $40.54. Currently, Hartford Financial has an average volume of 2.88M.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HIG in relation to earlier this year.
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.
