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 4.22 million shares traded hands or 30.65% 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 earnings per share, up 10.47% or $0.09 from last year’s $0.86 per share. HIG’s profit will be $363.98M for 11.52 P/E if the $0.95 EPS becomes a reality. After $0.31 actual earnings per share 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 13.93% above today’s ($43.78) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Buy” rating by M Partners on Friday, July 29. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, October 28. The firm has “Neutral” rating given on Tuesday, January 19 by Nomura. Atlantic Securities upgraded the stock to “Overweight” rating in Tuesday, January 26 report. Mizuho maintained Hartford Financial Services Group Inc (NYSE:HIG) on Thursday, August 11 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, August 10 by Atlantic Securities. The company was downgraded on Wednesday, November 18 by Argus Research. RBC Capital Markets maintained Hartford Financial Services Group Inc (NYSE:HIG) rating on Tuesday, October 27. RBC Capital Markets has “Sector Perform” rating and $44 price target. The firm has “Buy” rating given on Tuesday, July 28 by M Partners. The rating was maintained by UBS on Wednesday, August 19 with “Buy”.
Insitutional Activity: The institutional sentiment increased to 0.77 in Q2 2016. 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.
Private Mgmt Inc has 2.13% invested in the company for 729,148 shares. Natixis Asset Management accumulated 0.07% or 14,334 shares. Franklin owns 1.40M shares or 0.03% of their US portfolio. Advisory Services Lc last reported 0.13% of its portfolio in the stock. The North Carolina-based Wedge Capital Management L L P Nc has invested 0.25% in Hartford Financial Services Group Inc (NYSE:HIG). Orrstown Fincl Svcs holds 1.04% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 21,750 shares. Teachers Advsrs Incorporated reported 2.21M shares or 0.17% of all its holdings. Moreover, Bkd Wealth Advsrs Ltd Liability has 0.06% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 8,689 shares. Ghp Advsrs Inc holds 34,826 shares or 0.33% of its portfolio. Moreover, Savings Bank Of New York Mellon Corp has 0.12% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 9.06 million shares. Hm Payson And has 0.04% invested in the company for 19,118 shares. Putnam Invests Limited Liability Corporation, a Massachusetts-based fund reported 3.53M shares. Plante Moran Fin Advsr Lc holds 0.01% or 201 shares in its portfolio. Tokio Marine Asset Mngmt Communication Ltd accumulated 11,766 shares or 0.05% of the stock. Ftb Advsr owns 45 shares or 0% of their US portfolio.
Insider Transactions: Since June 6, 2016, the stock had 1 buying transaction, and 1 insider sale for $214,900 net activity. 7,500 shares were sold by SWYGERT H PATRICK, worth $302,588. The insider RENYI THOMAS A bought 1,965 shares worth $87,688.
The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.77 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 13.56 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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