Analyst Rating Update on Hartford Financial Services Group (The) (HIG)

Hartford Financial Services Group (The) (HIG) : The consensus on Hartford Financial Services Group (The) (HIG) based on 11 analyst recommendation on the company stock is 1.82, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Hartford Financial Services Group (The) (HIG) stock is expected to deviate a maximum of $3.37 from the average target price of $49 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $55 and the most muted being $45.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Barclays maintains its rating on Hartford Financial Services Group (The) (NYSE:HIG).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays lowers the new price target from $50 per share to $46 per share. The rating by the firm was issued on July 29, 2016.


Hartford Financial Services Group (The) (NYSE:HIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.28 and $40.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.55, notching a gain of 1.07% for the day. The total traded volume was 5,001,689 . The stock had closed at $40.12 on the previous day.

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.

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