Is there a Bearish outlook for The Hartford Financial Services Group, Inc. (NYSE:HIG) this week?

November 10, 2018 - By Vivian Park

The Hartford Financial Services Group, Inc. (NYSE:HIG) LogoInvestors sentiment increased to 0.91 in Q2 2018. Its up 0.20, from 0.71 in 2018Q1. It improved, as 39 investors sold The Hartford Financial Services Group, Inc. shares while 194 reduced holdings. 51 funds opened positions while 161 raised stakes. 308.43 million shares or 0.70% more from 306.29 million shares in 2018Q1 were reported.
Utd Automobile Association reported 69,536 shares. New Mexico Educational Retirement Board reported 0.07% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG). Mufg Americas, New York-based fund reported 95,652 shares. Security Natl Com invested in 0% or 239 shares. 476,918 were accumulated by Barclays Public Limited Com. 1,720 were accumulated by Delta Asset Llc Tn. Eaton Vance Mngmt stated it has 81,983 shares or 0.01% of all its holdings. Anchor Capital Ltd accumulated 232,007 shares. Gamco Invsts Et Al holds 123,520 shares or 0.04% of its portfolio. The Illinois-based Thomas White has invested 0.19% in The Hartford Financial Services Group, Inc. (NYSE:HIG). Livforsakringsbolaget Skandia Omsesidigt accumulated 39,914 shares. New York-based Levin Cap Strategies Limited Partnership has invested 0% in The Hartford Financial Services Group, Inc. (NYSE:HIG). Ghp Advsrs invested in 0.4% or 55,926 shares. Adirondack Rech And Mgmt holds 0.19% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 9,222 shares. Trillium Asset Mngmt Lc has invested 0.01% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG).

Since May 14, 2018, it had 0 insider buys, and 3 sales for $2.48 million activity. Johnson Brion S sold $600,547 worth of The Hartford Financial Services Group, Inc. (NYSE:HIG) on Tuesday, May 29.

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

Among 5 analysts covering Hartford Financial (NYSE:HIG), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Hartford Financial had 6 analyst reports since August 7, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 24 by FBR Capital. The stock has “Neutral” rating by FBR Capital on Tuesday, August 7. As per Tuesday, October 30, the company rating was maintained by Buckingham Research. Wells Fargo maintained the stock with “Market Perform” rating in Tuesday, October 9 report. Below is a list of The Hartford Financial Services Group, Inc. (NYSE:HIG) latest ratings and price target changes.

30/10/2018 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $63 New Target: $58 Maintain
09/10/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $58 New Target: $56 Maintain
24/09/2018 Broker: FBR Capital Old Rating: Neutral New Rating: Buy Old Target: $55 New Target: $60 Upgrade
10/09/2018 Broker: Sandler O’Neill Rating: Buy New Target: $60 Initiates Coverage On
07/08/2018 Broker: FBR Capital Old Rating: Neutral New Rating: Neutral Old Target: $52 New Target: $55 Maintain
07/08/2018 Broker: Credit Suisse Rating: Neutral New Target: $57 Initiates Coverage On

The stock increased 0.28% or $0.13 during the last trading session, reaching $46.59. About 2.10 million shares traded. The Hartford Financial Services Group, Inc. (NYSE:HIG) has declined 9.08% since November 10, 2017 and is downtrending. It has underperformed by 24.70% the S&P500.

The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services to individual and business clients in the United States. The company has market cap of $16.71 billion. It operates through six divisions: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds, and Talcott Resolution. It currently has negative earnings. The Commercial Lines segment offers workersÂ’ compensation, property, automobile, marine, livestock, liability, and umbrella insurance products, as well as customized insurance services and products, including professional liability, bond, and specialty casualty coverages.

More news for The Hartford Financial Services Group, Inc. (NYSE:HIG) were recently published by: Seekingalpha.com, which released: “Hartford Financial Services Group Inc. (HIG) CEO Chris Swift on Q3 2018 Results – Earnings Call Transcript” on October 26, 2018. Seekingalpha.com‘s article titled: “The Hartford offers $300M of 6.000% non-cumulative preferred stock” and published on October 31, 2018 is yet another important article.

The Hartford Financial Services Group, Inc. (NYSE:HIG) Institutional Positions Chart

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