In a report released today, Michael Zaremski from Credit Suisse maintained a Hold rating on Hartford Financial (NYSE: HIG), with a price target of $56. The company’s shares opened today at $50.64.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 6.3% and a 68.4% success rate. Zaremski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Cincinnati Financial Corp, and Selective Insurance Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hartford Financial with a $58 average price target, implying a 14.5% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $56 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 $4.62 billion and had a net profit of $234 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.
