Hartford Financial Services Group Inc (HIG) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on May 17, 2016.
Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .
On the company’s financial health, Hartford Financial Services Group Inc reported $0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.01. The company had revenue of $4391.00 million for the quarter, compared to analysts expectations of $4703.50 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.
Hartford Financial Services Group Inc closed down -0.14 points or -0.32% at $44.3 with 19,70,895 shares getting traded on Monday. Post opening the session at $44.38, the shares hit an intraday low of $44.24 and an intraday high of $44.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 10, 2016, Teresa Wynn Roseborough (director) purchased 700 shares at $43.12 per share price. According to the SEC, on Dec 14, 2015, Robert B. Iii Allardice (director) sold 10,000 shares at $45.26 per share price. On Jul 2, 2015, Robert Rupp (Executive Vice President) sold 39,240 shares at $43.36 per share price, according to the Form-4 filing with the securities and exchange commission.
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.