Hartford Financial (HIG) Gets a Hold Rating from Wells Fargo


In a report released today, Elyse Greenspan from Wells Fargo maintained a Hold rating on Hartford Financial (NYSE: HIG), with a price target of $56. The company’s shares closed yesterday at $45.54, close to its 52-week low of $44.81.

Greenspan observed:

“We continue to expect the level of rate to slow in subsequent quarters. Homeowners saw rate of 10.0%, just below 10.4% in Q2.”

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.9% and a 51.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Currently, the analyst consensus on Hartford Financial is a Moderate Buy with an average price target of $58.20.

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The company has a one-year high of $59.20 and a one-year low of $44.81. Currently, Hartford Financial has an average volume of 2.45M.

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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.

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