A Reversal for Hartford Financial Services Group Inc Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Hartford Financial Services Group Inc Is Not Near. Professional Options Traders Are Bullish

In today’s session Hartford Financial Services Group Inc (HIG) registered an unusually high (3,898) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious HIG increase. With 3,898 contracts traded and 18354 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: HIG161021C00042000 closed last at: $1.33 or 20.9% up. About 1.84 million shares traded hands. Hartford Financial Services Group Inc (NYSE:HIG) has declined 2.50% since March 1, 2016 and is downtrending. It has underperformed by 11.74% the S&P500.

Analysts await Hartford Financial Services Group Inc (NYSE:HIG) to report earnings on October, 24. They expect $0.95 EPS, up 10.47% or $0.09 from last year’s $0.86 per share. HIG’s profit will be $364.02 million for 11.42 P/E if the $0.95 EPS becomes a reality. After $0.31 actual EPS reported by Hartford Financial Services Group Inc for the previous quarter, Wall Street now forecasts 206.45% EPS growth.

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

Out of 9 analysts covering Hartford Financial (NYSE:HIG), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. $55 is the highest target while $40 is the lowest. The $49.88 average target is 14.93% above today’s ($43.4) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Atlantic Securities downgraded the stock to “Neutral” rating in Wednesday, August 10 report. Wells Fargo downgraded Hartford Financial Services Group Inc (NYSE:HIG) on Tuesday, May 17 to “Market Perform” rating. On Thursday, August 20 the stock rating was upgraded by Zacks to “Hold”. As per Wednesday, October 28, the company rating was downgraded by Atlantic Securities. The rating was downgraded by Argus Research on Wednesday, November 18 to “Hold”. The company was maintained on Thursday, August 11 by Mizuho. M Partners maintained Hartford Financial Services Group Inc (NYSE:HIG) on Friday, July 29 with “Buy” rating. Nomura initiated Hartford Financial Services Group Inc (NYSE:HIG) on Tuesday, January 19 with “Neutral” rating. The firm has “Outperform” rating by FBR Capital given on Monday, August 3. The rating was upgraded by Atlantic Securities on Tuesday, January 26 to “Overweight”.

Insitutional Activity: The institutional sentiment increased to 0.77 in 2016 Q2. Its up 0.03, from 0.74 in 2016Q1. The ratio increased, as 51 funds sold all Hartford Financial Services Group Inc shares owned while 228 reduced positions. 57 funds bought stakes while 159 increased positions. They now own 340.13 million shares or 4.98% less from 357.97 million shares in 2016Q1.
Proshare Advsr Ltd Limited Liability Company accumulated 0.07% or 119,399 shares. The New York-based Lazard Asset Ltd has invested 0.53% in Hartford Financial Services Group Inc (NYSE:HIG). Palisade Mngmt Limited Liability Corp Nj owns 61,975 shares or 0.1% of their US portfolio. Cohen & Steers reported 258,700 shares or 0.03% of all its holdings. Citadel Advisors has 190,964 shares for 0.01% of their US portfolio. Hgk Asset Management, a New Jersey-based fund reported 303,265 shares. Reliance Tru Communication Of Delaware reported 9,683 shares or 0.03% of all its holdings. Bnp Paribas Partners last reported 40,262 shares in the company. Dodge Cox accumulated 5,140 shares or 0% of the stock. Goelzer Investment Mgmt holds 76,007 shares or 0.47% of its portfolio. Plante Moran Ltd Liability has 0.01% invested in the company for 201 shares. The Montana-based Da Davidson has invested 0.01% in Hartford Financial Services Group Inc (NYSE:HIG). Oppenheimer Com Incorporated owns 9,042 shares or 0.01% of their US portfolio. Schwab Charles Invest Mgmt last reported 1.16 million shares in the company. Bluecrest Capital Mgmt last reported 218,738 shares in the company.

Insider Transactions: Since June 6, 2016, the stock had 1 buying transaction, and 1 sale for $214,900 net activity. 7,500 shares were sold by SWYGERT H PATRICK, worth $302,588 on Monday, August 29. RENYI THOMAS A had bought 1,965 shares worth $87,688 on Monday, June 6.

The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.63 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 13.44 P/E ratio. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

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