Hartford Financial Services Group (The) (HIG) Receives Price Target

Hartford Financial Services Group (The) (HIG) stock is expected to deviate a maximum of $1.76 from the average target price of $47.11 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $45.

Hartford Financial Services Group (The) (HIG) : Zacks Investment Research ranks Hartford Financial Services Group (The) (HIG) as 5, which is a Strong Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.92, which indicates as a Buy.


Also, In the latest statement by the brokerage house, Atlantic Equities downgrades its outlook on Hartford Financial Services Group (The) (NYSE:HIG). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Overweight. The rating by the firm was issued on August 10, 2016.

Hartford Financial Services Group (The) (NYSE:HIG): The stock opened at $41.19 on Thursday but the bulls could not build on the opening and the stock topped out at $41.20 for the day. The stock traded down to $40.31 during the day, due to lack of any buying support eventually closed down at $40.69 with a loss of -0.93% for the day. The stock had closed at $41.07 on the previous day. The total traded volume was 3,428,319 shares.

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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