Analyst Rating Update on Hartford Financial Services Group (The) (HIG)

Hartford Financial Services Group (The) (NYSE:HIG) : 13 analysts are covering Hartford Financial Services Group (The) (NYSE:HIG) and their average rating on the stock is 2, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hartford Financial Services Group (The) (NYSE:HIG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Hartford Financial Services Group (The) (NYSE:HIG) : The highest level Hartford Financial Services Group (The) (NYSE:HIG) is projected to reach is $55 for the short term and the lowest estimate is at $47. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $50.29 and the possibility the share price can swing is $3.45.

For the current week, the company shares have a recommendation consensus of Buy. Also, Wells Fargo downgrades its rating on Hartford Financial Services Group (The) (NYSE:HIG). Analysts at the Wells Fargo have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on May 17, 2016.

Hartford Financial Services Group (The) (NYSE:HIG): stock turned positive on Tuesday. Though the stock opened at $41.7, the bulls momentum made the stock top out at $42.1585 level for the day. The stock recorded a low of $41.37 and closed the trading day at $42.11, in the green by 2.76%. The total traded volume for the day was 2,397,730. The stock had closed at $40.98 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Hartford Financial Services Group Inc/De, Renyi Thomas A had purchased shares worth of $87,678 in a transaction dated on June 6, 2016. A total of 1,965 shares were purchased at a price of $44.62 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

The Hartford Financial Services Group, Inc. (The Hartford) is an insurance and financial services holding company. The Hartford is a provider of property and casualty insurance and group life and disability products to individual and business customers in the United States of America. It is also a provider of mutual funds to investors and additionally, The Hartford manages life and annuity products. The Hartford conducts business principally in six segments, including Commercial Lines (formerly Property & Casualty Commercial), Personal Lines (formerly Consumer Markets), Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution, as well as a Corporate category. The Hartford includes in its Corporate category the Companys debt financing and related interest expense, as well as other capital raising activities, and purchase accounting adjustments related to goodwill and other expenses not allocated to other segments.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *