Stock Mover of The Day: Institutional Investors Lead Shift in Hartford Financial Services Group Inc (NYSE:HIG) Sentiment

November 25, 2016 - By Nellie Frank   ·   0 Comments

Stock Mover of The Day: Institutional Investors Lead Shift in Hartford Financial Services Group Inc (NYSE:HIG) Sentiment

Sentiment for Hartford Financial Services Group Inc (NYSE:HIG)

Hartford Financial Services Group Inc (NYSE:HIG) institutional sentiment decreased to 0.67 in Q2 2016. Its down -0.10, from 0.77 in 2016Q1. The ratio dropped, as 216 funds opened new or increased equity positions, while 279 sold and decreased their equity positions in Hartford Financial Services Group Inc. The funds in our partner’s database reported: 340.13 million shares, down from 357.97 million shares in 2016Q1. Also, the number of funds holding Hartford Financial Services Group Inc in their top 10 equity positions decreased from 11 to 10 for a decrease of 1. Sold All: 51 Reduced: 228 Increased: 159 New Position: 57.

The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $18.25 billion. The Firm operates through six divisions: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. It has a 13.79 P/E ratio. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

The stock decreased 0.27% or $0.13 on November 25, hitting $47.87. About 643,042 shares traded hands. Hartford Financial Services Group Inc (NYSE:HIG) has risen 6.45% since April 22, 2016 and is uptrending. It has outperformed by 1.04% the S&P500.

Analysts await Hartford Financial Services Group Inc (NYSE:HIG) to report earnings on February, 2. They expect $1.03 earnings per share, down 3.74% or $0.04 from last year’s $1.07 per share. HIG’s profit will be $392.68M for 11.62 P/E if the $1.03 EPS becomes a reality. After $1.06 actual earnings per share reported by Hartford Financial Services Group Inc for the previous quarter, Wall Street now forecasts -2.83% negative EPS growth.

According to Zacks Investment Research, “Hartford Financial Services is one of the nation’s largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The company is a provider of automobile and homeowners coverages; commercial property and casualty insurance; reinsurance; and a variety of life insurance, investment products, employee benefits, group retirement plans and institutional liability funding products.”

Rr Partners Lp holds 13.35% of its portfolio in Hartford Financial Services Group Inc for 6.93 million shares. Benin Management Corp owns 214,551 shares or 4.92% of their US portfolio. Moreover, New Vernon Investment Management Llc has 4.54% invested in the company for 117,198 shares. The Pennsylvania-based Mount Lucas Management Lp has invested 4.19% in the stock. Malaga Cove Capital Llc, a California-based fund reported 84,906 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 2 selling transactions for $474,031 net activity.

Hartford Financial Services Group Inc (NYSE:HIG) Ratings Coverage

Ratings analysis reveals 50% of Hartford Financial’s analysts are positive. Out of 10 Wall Street analysts rating Hartford Financial, 5 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $40 while the high is $55. The stock’s average target of $49.88 is 4.20% above today’s ($47.87) share price. HIG was included in 18 notes of analysts from July 28, 2015. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Hold” rating given on Wednesday, November 18 by Argus Research. Wells Fargo downgraded Hartford Financial Services Group Inc (NYSE:HIG) on Tuesday, May 17 to “Market Perform” rating. M Partners maintained Hartford Financial Services Group Inc (NYSE:HIG) rating on Friday, July 29. M Partners has “Buy” rating and $50 price target. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Hold” rating given on Tuesday, September 1 by Zacks. As per Wednesday, November 16, the company rating was downgraded by Bank of America. M Partners maintained Hartford Financial Services Group Inc (NYSE:HIG) on Tuesday, July 28 with “Buy” rating. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Buy” rating given on Thursday, August 11 by Mizuho. The company was maintained on Wednesday, August 19 by UBS. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Neutral” rating given on Wednesday, October 28 by Atlantic Securities. The company was maintained on Tuesday, October 27 by RBC Capital Markets.

HIG Company Profile

The Hartford Financial Services Group, Inc., incorporated on December 9, 1985, is a holding firm for insurance and financial services subsidiaries. The Company, through its subsidiaries, provides property and casualty insurance, group life and disability products, and mutual funds to individual and business clients in the United States. The Firm operates through six divisions: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. The Firm manages life and annuity products.

More news for Hartford Financial Services Group Inc (NYSE:HIG) were recently published by: Forbes.com, which released: “Hartford Financial Services Group Reaches Analyst Target Price” on November 15, 2016. Nasdaq.com‘s article titled: “Hartford Financial Services Group Inc. Announces 13% Gain In Q3 Profit” and published on October 27, 2016 is yet another important article.

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By Nellie Frank


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