Hartford Financial Services Group Inc (HIG) is Reiterated by FBR Capital to Outperform, Lowers Price Target to $ 47

Hartford Financial Services Group Inc (HIG) was Reiterated by FBR Capital to “Outperform” while Lowering the Price Target of the company shares to $ 47 from a previous price target of $50 . FBR Capital advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. Shares were Reiterated by MKM Partners on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $55 .Hartford Financial Services Group Inc was Downgraded by Wells Fargo to ” Market Perform” on May 17, 2016.

On the company’s financial health, Hartford Financial Services Group Inc reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.49 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.80. The company had revenue of $4677.00 million for the quarter, compared to analysts expectations of $4853.00 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.

Hartford Financial Services Group Inc closed down -0.02 points or -0.05% at $40.63 with 22,88,194 shares getting traded on Monday. Post opening the session at $40.79, the shares hit an intraday low of $40.485 and an intraday high of $40.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 8, 2016, Thomas A Renyi (director) purchased 1,965 shares at $44.62 per share price. According to the SEC, on Mar 10, 2016, Teresa Wynn Roseborough (director) purchased 700 shares at $43.12 per share price. On Dec 14, 2015, Robert B. Iii Allardice (director) sold 10,000 shares at $45.26 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 Company’s 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.

Hartford Financial Services Group Inc

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