Could Hartford Financial Services Group Inc Change Direction After Today’s Bullish Options Activity?

 Could Hartford Financial Services Group Inc Change Direction After Today's Bullish Options Activity?

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 3.62 million shares traded hands or 12.07% up from the average. 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 $364.00M for 11.53 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 13.86% above today’s ($43.81) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by UBS with “Buy” on Wednesday, August 19. The rating was downgraded by Wells Fargo to “Market Perform” on Tuesday, May 17. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 27. Nomura initiated the shares of HIG in a report on Tuesday, January 19 with “Neutral” rating. Argus Research downgraded the shares of HIG in a report on Wednesday, November 18 to “Hold” rating. The rating was upgraded by Zacks on Thursday, August 20 to “Hold”. On Wednesday, October 28 the stock rating was downgraded by Atlantic Securities to “Neutral”. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Buy” rating by M Partners on Friday, July 29. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Overweight” rating given on Tuesday, January 26 by Atlantic Securities.

Insitutional Activity: The institutional sentiment increased to 0.77 in Q2 2016. Its up 0.03, from 0.74 in 2016Q1. The ratio improved, 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.
The Massachusetts-based Hall Laurie J Trustee has invested 0.04% in Hartford Financial Services Group Inc (NYSE:HIG). Oxbow Ltd Liability Corporation, a Texas-based fund reported 20,321 shares. Fred Alger has 0.01% invested in the company for 31,804 shares. Reliance Trust Of Delaware accumulated 0.03% or 9,683 shares. Moneta Gru Inv Advsr Limited Liability Company, a Missouri-based fund reported 18,477 shares. Ubs Asset Mngmt Americas holds 1.60M shares or 0.08% of its portfolio. Columbia Partners L L C Investment Mngmt, a Maryland-based fund reported 22,130 shares. Airain accumulated 180,820 shares or 0.46% of the stock. Fifth Third State Bank last reported 321,689 shares in the company. Westwood Holdg Gp has invested 1.08% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Northcoast Asset Mngmt Ltd Liability Corp last reported 0.89% of its portfolio in the stock. Meiji Yasuda Life Insur has 6,160 shares for 0.04% of their US portfolio. Ameriprise holds 0.07% or 2.77 million shares in its portfolio. Milestone Gru accumulated 0.21% or 30,000 shares. Us State Bank De reported 220,628 shares or 0.04% of all its holdings.

Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 1 insider sale for $214,900 net activity. RENYI THOMAS A also bought $87,688 worth of Hartford Financial Services Group Inc (NYSE:HIG) shares. SWYGERT H PATRICK sold 7,500 shares worth $302,588.

The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.78 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 13.57 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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