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 2.63 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 $363.83 million for 11.50 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 14.09% above today’s ($43.72) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. M Partners maintained it with “Buy” rating and $55 target price in Tuesday, July 28 report. The company was maintained on Tuesday, October 27 by RBC Capital Markets. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Overweight” rating by Atlantic Securities on Tuesday, January 26. The firm earned “Hold” rating on Wednesday, November 18 by Argus Research. Atlantic Securities downgraded Hartford Financial Services Group Inc (NYSE:HIG) on Wednesday, August 10 to “Neutral” rating. On Thursday, August 11 the stock rating was maintained by Mizuho with “Buy”. The firm has “Outperform” rating by FBR Capital given on Monday, August 3. On Friday, July 29 the stock rating was maintained by M Partners with “Buy”. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Neutral” rating by Atlantic Securities on Wednesday, October 28. On Thursday, August 20 the stock rating was upgraded by Zacks to “Hold”.
Insitutional Activity: The institutional sentiment increased to 0.77 in 2016 Q2. Its up 0.03, from 0.74 in 2016Q1. The ratio is positive, 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.
Fny Managed Accounts Ltd holds 0% or 1,560 shares in its portfolio. Advisory Svcs Limited Liability Corp last reported 12,607 shares in the company. Conning accumulated 13,030 shares or 0.02% of the stock. Cap Fund Mgmt reported 51,970 shares or 0.02% of all its holdings. Teachers Advisors Incorporated reported 2.21M shares or 0.17% of all its holdings. Aqr Cap Management Llc holds 0.2% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 2.49M shares. Silvercrest Asset Gp Ltd Limited Liability Company last reported 76,795 shares in the company. Cornerstone Advisors Inc holds 408 shares or 0.02% of its portfolio. Comm Commercial Bank has 0.01% invested in the company for 9,012 shares. Norinchukin Comml Bank The last reported 41,003 shares in the company. Moreover, Foundry Prtn Llc has 0.58% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 229,984 shares. Symphony Asset Mgmt Llc reported 68,195 shares or 0.34% of all its holdings. Courier Corporation accumulated 8,079 shares or 0.07% of the stock. Barclays Pcl has 0.01% invested in the company for 173,970 shares. Hudock Cap Gp Limited Liability Com last reported 841 shares in the company.
Insider Transactions: Since June 6, 2016, the stock had 1 insider purchase, and 1 insider sale for $214,900 net activity. $302,588 worth of Hartford Financial Services Group Inc (NYSE:HIG) was sold by SWYGERT H PATRICK. The insider RENYI THOMAS A bought $87,688.
The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.75 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 13.54 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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