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 428,135 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 $364.01 million for 11.23 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 16.90% above today’s ($42.67) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, August 10, the company rating was downgraded by Atlantic Securities. The rating was initiated by Nomura with “Neutral” on Tuesday, January 19. The stock has “Buy” rating given by Mizuho on Thursday, August 11. Zacks upgraded Hartford Financial Services Group Inc (NYSE:HIG) on Thursday, August 20 to “Hold” rating. On Monday, August 3 the stock rating was maintained by FBR Capital with “Outperform”. The rating was upgraded by Zacks to “Hold” on Tuesday, September 1. On Wednesday, November 18 the stock rating was downgraded by Argus Research to “Hold”. The rating was upgraded by Atlantic Securities on Tuesday, January 26 to “Overweight”. M Partners maintained the stock with “Buy” rating in Friday, July 29 report. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Market Perform” rating by Wells Fargo on Tuesday, May 17.
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.
Moreover, Acadian Asset Ltd has 0% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 5,071 shares. Employees Retirement Sys Of Texas last reported 151,000 shares in the company. Mount Lucas L P holds 4.19% or 555,484 shares in its portfolio. Pittenger And Anderson has invested 0.29% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Manufacturers Life Company The reported 831,219 shares or 0.06% of all its holdings. Smithfield Communication holds 4,500 shares or 0.04% of its portfolio. Toronto Dominion State Bank last reported 2,860 shares in the company. Sii Invs Wi, a Wisconsin-based fund reported 29,714 shares. Standard Life Invs Ltd owns 6.13M shares or 1.23% of their US portfolio. Hbk Investments Ltd Partnership last reported 105,514 shares in the company. Pax Limited Liability Corporation has 182,481 shares for 0.47% of their US portfolio. Dimensional Fund Advisors Lp reported 4.58M shares or 0.12% of all its holdings. Aviva Public Limited Company holds 0.07% or 244,642 shares in its portfolio. Nordea Investment Mngmt Ab last reported 0% of its portfolio in the stock. Adirondack Communication accumulated 0% or 26 shares.
Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 1 insider sale for $214,900 net activity. 1,965 shares were bought by RENYI THOMAS A, worth $87,688 on Monday, June 6. Another trade for 7,500 shares valued at $302,588 was sold by SWYGERT H PATRICK.
The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.35 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 13.22 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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