Major Move Is Coming For Hartford Financial Services Group Inc After Bullish Options Activity

 Major Move Is Coming For Hartford Financial Services Group Inc After Bullish Options Activity

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 721,859 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 earnings per share, up 10.47% or $0.09 from last year’s $0.86 per share. HIG’s profit will be $364.03M for 11.24 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 16.76% above today’s ($42.72) stock price. Hartford Financial has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Atlantic Securities downgraded Hartford Financial Services Group Inc (NYSE:HIG) on Wednesday, October 28 to “Neutral” rating. The firm earned “Hold” rating on Wednesday, November 18 by Argus Research. The rating was maintained by M Partners with “Buy” on Tuesday, July 28. On Tuesday, May 17 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 27. The company was upgraded on Tuesday, January 26 by Atlantic Securities. Nomura initiated Hartford Financial Services Group Inc (NYSE:HIG) on Tuesday, January 19 with “Neutral” rating. The firm has “Hold” rating by Zacks given on Thursday, August 20. UBS maintained the stock with “Buy” rating in Wednesday, August 19 report. The rating was maintained by M Partners with “Buy” on Friday, July 29.

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.
Moreover, Element Mgmt Ltd has 0.08% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 12,483 shares. Whittier Of Nevada Incorporated reported 1,740 shares or 0.01% of all its holdings. Moreover, Arizona State Retirement Sys has 0.06% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 96,541 shares. Mraz Amerine And Associates Inc accumulated 0.19% or 12,100 shares. Rdl reported 38,244 shares or 1.25% of all its holdings. First Eagle Investment Management Ltd Limited Liability Company reported 200 shares or 0% of all its holdings. Pictet Asset last reported 0.04% of its portfolio in the stock. Winslow Evans Crocker holds 0% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 996 shares. Next Grp Inc Inc Inc last reported 1,283 shares in the company. Moreover, State Treasurer State Of Michigan has 0.05% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 136,627 shares. Security Trust holds 0% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 117 shares. Tdam Usa holds 0.01% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG) for 4,970 shares. Mutual Of America Cap Mngmt Limited Liability last reported 89,684 shares in the company. Nuveen Asset Management Limited holds 0.23% or 844,275 shares in its portfolio. The United Kingdom-based Marathon Asset Mgmt Llp has invested 0.52% in Hartford Financial Services Group Inc (NYSE:HIG).

Insider Transactions: Since June 6, 2016, the stock had 1 buy, and 1 sale for $214,900 net activity. SWYGERT H PATRICK had sold 7,500 shares worth $302,588. Another trade for 1,965 shares valued at $87,688 was made 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 $16.37 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 13.23 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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