The stock of Hartford Financial Services Group Inc (NYSE:HIG) hit a new 52-week high and has $50.51 target or 5.00% above today’s $48.10 share price. The 7 months bullish chart indicates low risk for the $18.34 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $50.51 price target is reached, the company will be worth $917.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 90,511 shares traded hands. Hartford Financial Services Group Inc (NYSE:HIG) has risen 6.45% since April 22, 2016 and is uptrending. It has outperformed by 1.04% the S&P500.
Analysts await Hartford Financial Services Group Inc (NYSE:HIG) to report earnings on February, 2. They expect $1.03 EPS, down 3.74% or $0.04 from last year’s $1.07 per share. HIG’s profit will be $392.73 million for 11.67 P/E if the $1.03 EPS becomes a reality. After $1.06 actual EPS reported by Hartford Financial Services Group Inc for the previous quarter, Wall Street now forecasts -2.83% negative EPS growth.
Hartford Financial Services Group Inc (NYSE:HIG) Ratings Coverage
Out of 10 analysts covering Hartford Financial (NYSE:HIG), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Hartford Financial has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Argus Research given on Wednesday, November 18. M Partners maintained the stock with “Buy” rating in Tuesday, July 28 report. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Overweight” rating by Atlantic Securities on Tuesday, January 26. UBS maintained the shares of HIG in a report on Wednesday, August 19 with “Buy” rating. The firm earned “Hold” rating on Thursday, August 20 by Zacks. The firm has “Sector Perform” rating given on Tuesday, October 27 by RBC Capital Markets. The company was downgraded on Wednesday, November 16 by Bank of America. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, August 10. The company was downgraded on Wednesday, October 28 by Atlantic Securities. On Monday, August 3 the stock rating was maintained by FBR Capital with “Outperform”.
According to Zacks Investment Research, “Hartford Financial Services is one of the nation’s largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The company is a provider of automobile and homeowners coverages; commercial property and casualty insurance; reinsurance; and a variety of life insurance, investment products, employee benefits, group retirement plans and institutional liability funding products.”
Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.10, from 0.77 in 2016Q1. The ratio fall, 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.
Teachers Retirement Of The State Of Kentucky last reported 495,600 shares in the company. Intrust Fincl Bank Na has invested 0.26% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Endeavour Capital Advsr Inc last reported 435,788 shares in the company. Kcg Incorporated, a New Jersey-based fund reported 29,171 shares. The Georgia-based Suntrust Banks Incorporated has invested 0.18% in Hartford Financial Services Group Inc (NYSE:HIG). Winslow Evans Crocker last reported 0% of its portfolio in the stock. Chicago Equity Partners Limited last reported 0.01% of its portfolio in the stock. Washington Tru Bank & Trust has invested 0.02% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Karpas Strategies Ltd has invested 0.11% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Boston Advsrs Ltd Com has 159,603 shares for 0.18% of their US portfolio. The New York-based Ny State Teachers Retirement Sys has invested 0.09% in Hartford Financial Services Group Inc (NYSE:HIG). Dai Ichi Life Ins Ltd holds 0.21% or 156,651 shares in its portfolio. Allianz Asset Management Ag has invested 0.13% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Klingenstein Fields & Ltd Co holds 551,788 shares or 1.14% of its portfolio. Ig Investment Management Limited holds 18,830 shares or 0% of its portfolio.
Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 2 insider sales for $474,031 net activity. $302,588 worth of Hartford Financial Services Group Inc (NYSE:HIG) shares were sold by SWYGERT H PATRICK. $87,688 worth of Hartford Financial Services Group Inc (NYSE:HIG) shares were bought by RENYI THOMAS A. Shares for $259,131 were sold by Lewis Scott R. on Wednesday, November 2.
More news for Hartford Financial Services Group Inc (NYSE:HIG) were recently published by: Forbes.com, which released: “Hartford Financial Services Group Reaches Analyst Target Price” on November 15, 2016. Nasdaq.com‘s article titled: “Hartford Financial Services Group Inc. Announces 13% Gain In Q3 Profit” and published on October 27, 2016 is yet another important article.
HIG Company Profile
The Hartford Financial Services Group, Inc., incorporated on December 9, 1985, is a holding firm for insurance and financial services subsidiaries. The Company, through its subsidiaries, provides property and casualty insurance, group life and disability products, and mutual funds to individual and business clients in the United States. The Firm operates through six divisions: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. The Firm manages life and annuity products.
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