Hartford Financial Services Group (The) (HIG) : 12 analysts are covering Hartford Financial Services Group (The) (HIG) and their average rating on the stock is 1.92, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hartford Financial Services Group (The) (HIG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Hartford Financial Services Group (The) (HIG) : Currently there are 8 street experts covering Hartford Financial Services Group (The) (HIG) stock. The most bullish and bearish price target for the stock is $50 and $45 respectively for the short term. The average price target of all the analysts comes to $47.63. The estimated standard deviation from the target is $2.07.
For the current week, the company shares have a recommendation consensus of Buy. Hartford Financial Services Group (The) (NYSE:HIG): The stock opened at $40.30 on Thursday but the bulls could not build on the opening and the stock topped out at $40.56 for the day. The stock traded down to $40.21 during the day, due to lack of any buying support eventually closed down at $40.25 with a loss of -0.05% for the day. The stock had closed at $40.27 on the previous day. The total traded volume was 1,593,556 shares.
In a related news, Renyi Thomas A, director of Hartford Financial Services Group Inc/De had purchased 1,965 shares on June 6, 2016 in a transaction. The price per share was $44.62 and the total amount of the disclosed transaction was $87,678.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.