Keefe, Bruyette & Woods Raises Harleysville Group PT To $38 (HGIC)

Keefe, Bruyette & Woods raised its Harleysville Group HGIC price target from $35 to $38 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Harleysville reported a solid fourth quarter as lower-than-expected weather losses and better-than-expected investment income drove the favorable results." Shares of Harleysville Group closed Thursday at $36.51, reflecting no change from Wednesday's market close.