What’s Next for Hartford Financial Services Group Inc (HIG) After Achieving 52-Week High?

June 19, 2017 - By Maria Brooks

Investors sentiment increased to 0.86 in 2016 Q4. Its up 0.19, from 0.67 in 2016Q3. It increased, as 45 investors sold Hartford Financial Services Group Inc shares while 210 reduced holdings. 64 funds opened positions while 155 raised stakes. 323.12 million shares or 2.07% less from 329.94 million shares in 2016Q3 were reported.
Ls Invest Advsr Limited Company holds 0.06% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 17,586 shares. United Ser Automobile Association stated it has 121,763 shares. Benin Management has invested 4.4% in Hartford Financial Services Group Inc (NYSE:HIG). Retirement System Of Alabama accumulated 407,200 shares. Barnett Inc holds 7,363 shares or 0.18% of its portfolio. Pitcairn holds 24,087 shares. Regent Inv Mgmt Ltd Limited Liability Company reported 8,600 shares. Pioneer Investment Mgmt owns 1.94M shares for 0.33% of their portfolio. Fjarde Ap has 84,561 shares for 0.09% of their portfolio. Tdam Usa accumulated 5,093 shares or 0.01% of the stock. Natixis Asset Mngmt holds 0.02% or 4,524 shares. Bb&T reported 72,498 shares stake. 6,291 were accumulated by Mai Capital Management. New York-based Adirondack Rech & Mngmt Inc has invested 0.32% in Hartford Financial Services Group Inc (NYSE:HIG). Jpmorgan Chase And Com reported 30.14M shares.

Since February 28, 2017, it had 1 insider purchase, and 4 insider sales for $1.78 million activity. Allardice Robert B. III sold $436,770 worth of stock. 14,217 shares were sold by Gervasi Martha, worth $692,226 on Tuesday, February 28. 2,423 Hartford Financial Services Group Inc (NYSE:HIG) shares with value of $117,201 were sold by Lewis Scott R.. Roseborough Teresa Wynn had bought 1,005 shares worth $49,969.

The stock of Hartford Financial Services Group Inc (NYSE:HIG) hit a new 52-week high and has $56.20 target or 7.00 % above today’s $52.52 share price. The 6 months bullish chart indicates low risk for the $19.49 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $56.20 price target is reached, the company will be worth $1.36B 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 384,965 shares traded. Hartford Financial Services Group Inc (NYSE:HIG) has risen 9.92% since June 19, 2016 and is uptrending. It has underperformed by 6.78% the S&P500.

Investors wait Hartford Financial Services Group Inc (NYSE:HIG) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.97 earnings per share, up $0.66 or 212.90 % from last year’s $0.31 same quarter earnings. This translates into $359.96 million profit for HIG giving the stock a 13.54 P/E. This is assuming the current $0.97 EPS is accurate. Hartford Financial Services Group Inc’s Wall Street analysts see -3.00 % negative EPS growth, taking into account the $1.00 EPS reproted in the previous quarter,

Hartford Financial Services Group Inc (NYSE:HIG) Ratings Coverage

Among 14 analysts covering Hartford Financial (NYSE:HIG), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Hartford Financial had 26 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets upgraded the shares of HIG in report on Friday, December 9 to “Outperform” rating. The firm has “Hold” rating by Zacks given on Tuesday, September 1. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Buy” rating given on Thursday, August 11 by Mizuho. The stock has “Hold” rating by Wells Fargo on Wednesday, April 19. The firm has “Neutral” rating by Nomura given on Tuesday, January 19. The rating was maintained by M Partners on Friday, July 29 with “Buy”. FBR Capital downgraded Hartford Financial Services Group Inc (NYSE:HIG) on Monday, November 28 to “Mkt Perform” rating. Wells Fargo maintained the shares of HIG in report on Thursday, March 30 with “Hold” rating. The firm has “Neutral” rating given on Wednesday, August 10 by Atlantic Securities. As per Tuesday, October 27, the company rating was maintained by RBC Capital Markets.

More recent Hartford Financial Services Group Inc (NYSE:HIG) news were published by: Nasdaq.com which released: “Hartford Financial Services Group, Inc. (HIG) Ex-Dividend Date Scheduled for …” on May 26, 2017. Also Businesswire.com published the news titled: “The Hartford Names Robert Paiano Executive Vice President And Chief Risk Officer” on June 12, 2017. Nasdaq.com‘s news article titled: “Hartford Financial Services Group Named Top Dividend Stock With Insider Buying …” with publication date: May 22, 2017 was also an interesting one.

The Hartford Financial Services Group, Inc. is a holding firm for insurance and financial services subsidiaries. The company has market cap of $19.49 billion.

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