7 Analysts Assess Hartford Finl Servs Gr: What You Need To Know
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Hartford Financial Services Group Inc (NYSE:HIG), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target for HIG has been raised to $101.14 from $92.29, indicating a positive outlook on the stock. Analysts from firms including Keefe, Bruyette & Woods, Piper Sandler, and UBS have raised their price targets, reflecting optimism about HIG's market performance. Despite this, HIG faces challenges in revenue growth, net margin, ROE, and ROA, suggesting areas for improvement.
March 15, 2024 | 12:00 pm
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POSITIVE IMPACT
Hartford Financial Services Group Inc (NYSE:HIG) receives mixed but overall positive ratings from analysts, with an increased average price target suggesting optimism about its future stock performance.
The increase in the average price target to $101.14 from $92.29, along with upgrades from analysts at major firms, indicates a positive sentiment towards HIG's stock in the short term. However, the company's challenges in revenue growth, net margin, ROE, and ROA are noted, which could temper the positive impact. The overall positive analyst sentiment is likely to drive short-term interest and potentially increase the stock price, but investors should be aware of the underlying financial challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100