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

Hartford Financial Services Group (The) (HIG) : 13 analysts are covering Hartford Financial Services Group (The) (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) (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) (HIG) : The highest short term price target forecast on Hartford Financial Services Group (The) (HIG) is $55 and the lowest target price is $47. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $50.29 with a standard deviation of $3.45.

Hartford Financial Services Group (The) (NYSE:HIG): The stock opened at $42.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $42.97 for the day. The stock traded down to $42.32 during the day, due to lack of any buying support eventually closed down at $42.73 with a loss of -0.79% for the day. The stock had closed at $43.07 on the previous day. The total traded volume was 3,817,055 shares.

Also, Wells Fargo downgrades its view on Hartford Financial Services Group (The) (NYSE:HIG) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on May 17, 2016. The company shares have rallied 0.09% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $50.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $44.15 and the 200 Day Moving Average price is recorded at $43.38.

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.

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