Barclays Maintains Hartford Financial Services Group Inc to Overweight with Price Target $47.00

Brokerage firm Barclays Maintains its rating on Hartford Financial Services Group Inc(NYSE:HIG). In a research note issued to the investors, the brokerage major Raises the price-target to $47.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Aug 10, 2016, Atlantic Equities said it Downgrades its rating on Hartford Financial Services Group Inc. The shares have been rated ‘Neutral’ by the firm. On Aug 1, 2016, Keefe Bruyette & Woods said it Maintains its rating on Hartford Financial Services Group Inc. In the research note, the firm Lowers the price-target to $52.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 1, 2016, UBS said it Maintains its rating on Hartford Financial Services Group Inc. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, Barclays said it Maintains its rating on Hartford Financial Services Group Inc. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Overweight’ by the firm.

Hartford Financial Services Group Inc (HIG) made into the market gainers list on Tuesdays trading session with the shares advancing 3.01% or 1.28 points. Due to strong positive momentum, the stock ended at $43.78, which is also near the day’s high of $43.89. The stock began the session at $42.69 and the volume stood at 50,11,260 shares. The 52-week high of the shares is $49.41 and the 52 week low is $36.54. The company has a current market capitalization of $16,898 M and it has 38,59,67,550 shares in outstanding.

Hartford Financial Services Group Inc(HIG) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.68B. Analysts had an estimated revenue of $4.71B. Earnings per share were $0.31. Analysts had estimated an EPS of $0.80.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, H Patrick Swygert (director) sold 7,500 shares at $40.35 per share price.Also, On Jun 8, 2016, Thomas A Renyi (director) purchased 1,965 shares at $44.62 per share price.On Mar 10, 2016, Teresa Wynn Roseborough (director) purchased 700 shares at $43.12 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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