Hartford Financial Services Group (The) (HIG): Price Target and June Short Interest Disclosure

Hartford Financial Services Group (The) (HIG) : The most positive equity analysts on Hartford Financial Services Group (The) (HIG) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $47 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $50.57 with an expected fluctuation of $3.31 from the mean.

Hartford Financial Services Group (The) (HIG) stated gains of 149,813 shares or 2.9% in the short interest. The short interest registered from 5,137,058 on June 15,2016 to 5,286,871 on June 30,2016. In terms of floated shares, the shorted positions stood at 1.3%. The stock has been averaging 2,664,941 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Wells Fargo downgrades its rating on Hartford Financial Services Group (The) (NYSE:HIG). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 17, 2016.


Hartford Financial Services Group (The) (NYSE:HIG): stock turned positive on Thursday. Though the stock opened at $44.16, the bulls momentum made the stock top out at $44.33 level for the day. The stock recorded a low of $43.71 and closed the trading day at $43.8, in the green by 0.85%. The total traded volume for the day was 2,542,944. The stock had closed at $43.43 in the previous days trading.

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 Companys 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.