Out of 7 analysts covering Hartford Financial Services (NYSE:HIG), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $50 is the highest target while $40 is the lowest. The $47.80 average target is 11.37% above today’s ($42.92) stock price. Hartford Financial Services has been the topic of 12 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Mizuho maintained the stock on August 11 with “Buy” rating. Atlantic Securities downgraded the shares of HIG in a report on August 10 to “Neutral” rating. Lastly, Nomura initiated the stock with “Neutral” rating in a January 19 report. Below is a list of Hartford Financial Services Group Inc (NYSE:HIG) latest ratings and price target changes.
11/08/2016 Broker: Mizuho Rating: Buy Old Target: $47.00 New Target: $50.00 Maintain
29/07/2016 Broker: M Partners Rating: Buy Old Target: $55.00 New Target: $50.00 Maintain
10/08/2016 Broker: Atlantic Securities Old Rating: Overweight New Rating: Neutral Downgrade
17/05/2016 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
The stock increased 0.49% or $0.21 during the last trading session, hitting $42.92. About 1.64M shares traded hands. Hartford Financial Services Group Inc (NYSE:HIG) has risen 0.44% since February 25, 2016 and is uptrending. It has underperformed by 10.81% the S&P500.
The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.69 billion. The Firm operates through six divisions: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. It has a 13.29 P/E ratio. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.
Insitutional Activity: The institutional sentiment increased to 0.77 in Q2 2016. Its up 0.03, from 0.74 in 2016Q1. The ratio is positive, as 51 funds sold all Hartford Financial Services Group Inc shares owned while 228 reduced positions. 57 funds bought stakes while 159 increased positions. They now own 340.13 million shares or 4.98% less from 357.97 million shares in 2016Q1.
Rr Partners Lp holds 13.35% of its portfolio in Hartford Financial Services Group Inc for 6.93 million shares. Benin Management Corp owns 214,551 shares or 4.92% of their US portfolio. Moreover, New Vernon Investment Management Llc has 4.54% invested in the company for 117,198 shares. The Pennsylvania-based Mount Lucas Management Lp has invested 4.19% in the stock. Malaga Cove Capital Llc, a California-based fund reported 84,906 shares.
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