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 1.07 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 $363.90M for 11.27 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 16.43% above today’s ($42.84) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Thursday, August 20. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Buy” rating given on Friday, July 29 by M Partners. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Neutral” rating given on Wednesday, August 10 by Atlantic Securities. The firm has “Overweight” rating given on Tuesday, January 26 by Atlantic Securities. The rating was maintained by Mizuho on Thursday, August 11 with “Buy”. The firm earned “Hold” rating on Wednesday, November 18 by Argus Research. Nomura initiated the stock with “Neutral” rating in Tuesday, January 19 report. The company was maintained on Wednesday, August 19 by UBS. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Hold” rating by Zacks on Tuesday, September 1. On Wednesday, October 28 the stock rating was downgraded by Atlantic Securities to “Neutral”.
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.
Courier Cap holds 0.07% or 8,079 shares in its portfolio. Arizona State Retirement Sys owns 96,541 shares or 0.06% of their US portfolio. Bancorp Of Nova Scotia accumulated 7,906 shares or 0% of the stock. D E Shaw And last reported 802,881 shares in the company. Point72 Asset Limited Partnership last reported 0.09% of its portfolio in the stock. Retirement Of Alabama has invested 0.11% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 172,000 shares. Moreover, Bremer Trust Association has 0.08% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 6,836 shares. Pax World Mngmt Lc holds 0.47% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 182,481 shares. Hallmark Capital Mngmt Inc reported 368 shares or 0% of all its holdings. Hudock Cap Grp Lc, a Pennsylvania-based fund reported 841 shares. Renaissance Techs Limited Liability holds 0.03% or 310,400 shares in its portfolio. Clinton Gp has 0.18% invested in the company for 93,001 shares. Cohen Klingenstein Lc last reported 46,750 shares in the company. Bank owns 15,958 shares or 0.1% of their US portfolio.
Insider Transactions: Since June 6, 2016, the stock had 1 insider purchase, and 1 insider sale for $214,900 net activity. The insider SWYGERT H PATRICK sold 7,500 shares worth $302,588. $87,688 worth of shares were bought by RENYI THOMAS A on Monday, June 6.
The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.41 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 13.27 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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