Short Term Price Target on Hartford Financial Services Group (The) (HIG)

Hartford Financial Services Group (The) (NYSE:HIG) : The highest short term price target forecast on Hartford Financial Services Group (The) (NYSE:HIG) is $55 and the lowest target price is $47. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $50.29 with a standard deviation of $3.45.

The Hartford Financial Services Group, Inc. has lost 1.29% in the last five trading days and dropped 1.66% in the last 4 weeks. The Hartford Financial Services Group, Inc. has dropped 4.73% during the last 3-month period . Year-to-Date the stock performance stands at 3.09%. Also, Wells Fargo downgrades its rating on Hartford Financial Services Group (The) (NYSE:HIG). Analysts at the Wells Fargo have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on May 17, 2016.

Hartford Financial Services Group (The) (NYSE:HIG) has an average broker rating of 2, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Hartford Financial Services Group (The) (NYSE:HIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.31 and $43.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.38, notching a gain of 2.83% for the day. The total traded volume was 3,909,969 . The stock had closed at $43.16 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Hartford Financial Services Group Inc/De, Renyi Thomas A had purchased shares worth of $87,678 in a transaction dated on June 6, 2016. A total of 1,965 shares were purchased at a price of $44.62 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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