Rating Worth Mentioning Today: Hartford Financial Services Group (NYSE:HIG) Is a Stock FBR Capital Is Wary of; Firm Downgrades It

November 28, 2016 - By whatsonthorold

Rating Worth Mentioning Today: Hartford Financial Services Group (NYSE:HIG) Is a Stock FBR Capital Is Wary of; Firm Downgrades It

Hartford Financial Services Group (NYSE:HIG) Downgrade

FBR Capital downgraded Hartford Financial Services Group (NYSE:HIG)‘s stock to a “Market Perform” rating from a “Outperform”. The rating change was sent to clients and investors in a an analyst note today.

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. $55 is the highest target while $40 is the lowest. The $49.88 average target is 4.92% above today’s ($47.54) stock price. Hartford Financial has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Atlantic Securities upgraded the stock to “Overweight” rating in Tuesday, January 26 report. Mizuho maintained the stock with “Buy” rating in Thursday, August 11 report. RBC Capital Markets maintained Hartford Financial Services Group Inc (NYSE:HIG) on Tuesday, October 27 with “Sector Perform” rating. On Wednesday, November 16 the stock rating was downgraded by Bank of America to “Neutral”. FBR Capital maintained Hartford Financial Services Group Inc (NYSE:HIG) rating on Monday, August 3. FBR Capital has “Outperform” rating and $53 price target. M Partners maintained Hartford Financial Services Group Inc (NYSE:HIG) rating on Tuesday, July 28. M Partners has “Buy” rating and $55 price target. The firm has “Market Perform” rating given on Tuesday, May 17 by Wells Fargo. The firm earned “Neutral” rating on Tuesday, January 19 by Nomura. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Buy” rating by M Partners on Friday, July 29. The rating was downgraded by Argus Research on Wednesday, November 18 to “Hold”.

About 1.03 million shares traded hands. Hartford Financial Services Group Inc (NYSE:HIG) has risen 6.85% since April 25, 2016 and is uptrending. It has outperformed by 0.84% 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 $388.04M for 11.54 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.

Insitutional Activity: The institutional sentiment decreased to 0.67 in Q2 2016. Its down 0.10, from 0.77 in 2016Q1. The ratio dropped, 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.

Great West Life Assurance Can holds 278,667 shares or 0.05% of its portfolio. Regentatlantic Cap Ltd has 83,994 shares for 0.36% of their US portfolio. Federated Investors Pa holds 0.32% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 2.48 million shares. Whitnell And holds 0.03% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 2,000 shares. The Pennsylvania-based Snow Mngmt L P has invested 1.71% in Hartford Financial Services Group Inc (NYSE:HIG). Herndon Mngmt Lc accumulated 36 shares or 0% of the stock. Chem National Bank & Trust last reported 0.1% of its portfolio in the stock. Wunderlich Managemnt has invested 1.27% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). The Pennsylvania-based Brandywine Global Invest Mgmt Limited Liability Corp has invested 0.16% in Hartford Financial Services Group Inc (NYSE:HIG). Keybank National Association Oh holds 0% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 8,707 shares. The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.03% in Hartford Financial Services Group Inc (NYSE:HIG). Caisse De Depot Et Placement Du Quebec owns 213,189 shares or 0.02% of their US portfolio. National Pension has invested 0.12% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Kistler holds 333 shares or 0.01% of its portfolio. Hartford Fin Management owns 450 shares or 0.01% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 2 sales for $474,031 net activity. $302,588 worth of Hartford Financial Services Group Inc (NYSE:HIG) shares were sold by SWYGERT H PATRICK. The insider Lewis Scott R. sold 5,868 shares worth $259,131. $87,688 worth of Hartford Financial Services Group Inc (NYSE:HIG) was bought by RENYI THOMAS A on Monday, June 6.

The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $17.91 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 13.7 P/E ratio. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

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.”

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.

Another recent and important Hartford Financial Services Group Inc (NYSE:HIG) news was published by Forbes.com which published an article titled: “Hartford Financial Services Group Reaches Analyst Target Price” on November 15, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>