Hartford Financial Services (HIG) stock prices forecast 2011- 2012 : Hartford Financial Services (HIG) is a leading insurance company and also offers other financial products both in the USA and globally. Recently, Hartford announced that 2nd quarter profits would be well below expectations due to asbestos litigation and losses from major storms.
This lower-than-expected profit and a major market correction caused the shares to drop and created a great buying opportunity for longer term investors.
Stock Price Forecast
The 12 analysts offering 12-month price forecasts for Hartford Financial Services Group Inc have a median target of 30.00, with a high estimate of 42.00 and a low estimate of 23.00. The median estimate represents a +75.54% increase from the last price of 17.09.
Analyst Recommendations
The current consensus among 16 polled investment analysts is to Hold stock in Hartford Financial Services Group Inc. This rating has held steady since August, when it was unchanged from a Hold rating.
key points for HIG:
Current share price: $16.95
The 52-week range is $16.26 to $31.08
Earnings estimates for 2011: $3.04 per share
Earnings estimates for 2012: $4.01 per share
Annual dividend: 40 cents per share, which yields 1.6%
Book value: $45.93 per share
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Victor Jung, Chairman and CEO, has over 17 years of expertise in the Financial Services, Consumer Products, Media and Real Estate Industries.
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