Hartford Financial Services Group Inc (HIG) is Downgraded by FBR & Co. to Mkt Perform, Price Target at $47

Hartford Financial Services Group Inc (HIG) was Downgraded by FBR & Co. to ” Mkt Perform” and the brokerage firm has set the Price Target at $47. Earlier the firm had a rating of “Outperform ” on the company shares. FBR & Co. advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. FBR & Co. Downgraded Hartford Financial Services Group Inc on Nov 28, 2016 to ” Mkt Perform”, Price Target of the shares are set at $47.Hartford Financial Services Group Inc was Downgraded by BofA/Merrill to ” Neutral” on Nov 16, 2016.

On the company’s financial health, Hartford Financial Services Group Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.95. The company had revenue of $4695.00 million for the quarter, compared to analysts expectations of $4733.83 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Hartford Financial Services Group Inc closed down -0.13 points or -0.27% at $47.87 with 8,29,758 shares getting traded on Friday. Post opening the session at $48.02, the shares hit an intraday low of $47.76 and an intraday high of $48.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Oct 27, 2016, Hartford Financial Services Group Inc announced a cash dividend of $0.2300. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Jan 3, 2017.

In a different news, on Nov 3, 2016, Scott R. Lewis (SVP and Controller) sold 5,868 shares at $44.16 per share price. According to the SEC, on Aug 31, 2016, H Patrick Swygert (director) sold 7,500 shares at $40.35 per share price. On Jun 8, 2016, Thomas A Renyi (director) purchased 1,965 shares at $44.62 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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