Is Hartford Financial Services Group Inc’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Hartford Financial Services Group Inc's Fuel For Real? The Stock Was Bought By Option Traders

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 2.30 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 $363.88 million for 11.38 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 15.28% above today’s ($43.27) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, August 11 by Mizuho. As per Tuesday, January 26, the company rating was upgraded by Atlantic Securities. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Outperform” rating given on Monday, August 3 by FBR Capital. The stock has “Hold” rating given by Argus Research on Wednesday, November 18. Zacks upgraded it to “Hold” rating and $52 target price in Tuesday, September 1 report. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Market Perform” rating by Wells Fargo on Tuesday, May 17. On Friday, July 29 the stock rating was maintained by M Partners with “Buy”. On Thursday, August 20 the stock rating was upgraded by Zacks to “Hold”. RBC Capital Markets maintained it with “Sector Perform” rating and $44 target price in Tuesday, October 27 report. M Partners maintained Hartford Financial Services Group Inc (NYSE:HIG) rating on Tuesday, July 28. M Partners has “Buy” rating and $55 price target.

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.
Moreover, Signature Invest Limited has 0.02% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 3,015 shares. Meiji Yasuda Life has 0.04% invested in the company for 6,160 shares. Lsv Asset Mgmt has 6.33M shares for 0.57% of their US portfolio. At National Bank & Trust holds 0.38% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 56,958 shares. Janus Mngmt Ltd Liability Company has 0.1% invested in the company for 2.73 million shares. Allstate has 0.05% invested in the company for 18,222 shares. Viking Glob Invsts L P holds 3.60 million shares or 0.68% of its portfolio. Burt Wealth Advisors has 437 shares for 0.02% of their US portfolio. State Treasurer State Of Michigan last reported 0.05% of its portfolio in the stock. The Pennsylvania-based Snow Capital Mngmt Limited Partnership has invested 1.71% in Hartford Financial Services Group Inc (NYSE:HIG). Ntv Asset Limited accumulated 0.23% or 13,917 shares. Sei Commerce holds 0.04% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 136,647 shares. Bluefin Trading Ltd Limited Liability Company reported 11,574 shares or 0.05% of all its holdings. Gargoyle Advisor Limited Liability Com has 85,254 shares for 1.41% of their US portfolio. Quantum Management holds 1.93% or 308,019 shares in its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 1 insider sale for $214,900 net activity. $87,688 worth of shares were bought by RENYI THOMAS A on Monday, June 6. 7,500 shares with value of $302,588 were sold by SWYGERT H PATRICK on Monday, August 29.

The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.58 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 13.4 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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