UBS Maintains Hartford Financial Services Group Inc to Buy with Price Target $47.00

Brokerage firm UBS Maintains its rating on Hartford Financial Services Group Inc(NYSE:HIG). In a research note issued to the investors, the brokerage major Lowers the price-target to $47.00 per share. The shares have been rated Buy. The rating by UBS was issued on Aug 1, 2016.

In a different note, 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 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. On May 17, 2016, Wells Fargo said it Downgrades its rating on Hartford Financial Services Group Inc. The shares have been rated ‘Market Perform’ by the firm.

Hartford Financial Services Group Inc (HIG) shares turned negative on Mondays trading session with the shares closing down -0.02 points or -0.05% at a volume of 22,88,194. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.93. The peak price level was also seen at $40.93 while the days lowest was $40.485. Finally the shares closed at $40.63. The 52-week high of the shares is $50.95 while the 52-week low is $36.54. According to the latest information available, the market cap of the company is $15,682 M.

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 Jun 8, 2016, Thomas A Renyi (director) purchased 1,965 shares at $44.62 per share price.Also, On Mar 10, 2016, Teresa Wynn Roseborough (director) purchased 700 shares at $43.12 per share price.On Dec 14, 2015, Robert B. Iii Allardice (director) sold 10,000 shares at $45.26 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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