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 2.11M 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 $363.87 million for 11.41 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 15.09% above today’s ($43.34) 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 by Mizuho given on Thursday, August 11. On Tuesday, October 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Neutral” rating by Nomura on Tuesday, January 19. The firm has “Market Perform” rating given on Tuesday, May 17 by Wells Fargo. The firm has “Overweight” rating by Atlantic Securities given on Tuesday, January 26. The company was upgraded on Tuesday, September 1 by Zacks. M Partners maintained it with “Buy” rating and $50 target price in Friday, July 29 report. The company was maintained on Wednesday, August 19 by UBS. The rating was downgraded by Atlantic Securities on Wednesday, October 28 to “Neutral”. Zacks upgraded Hartford Financial Services Group Inc (NYSE:HIG) rating on Thursday, August 20. Zacks has “Hold” 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 improved, 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, Pine River Lp has 0.01% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 23,000 shares. Aviva Public Ltd Limited Liability Company holds 0.07% or 244,642 shares in its portfolio. Royal London Asset Limited has 136,492 shares for 0.1% of their US portfolio. Signaturefd Limited Liability accumulated 0.01% or 1,967 shares. Oakbrook Investments Ltd Limited Liability Company, a Illinois-based fund reported 39,550 shares. Virginia Retirement System Et Al reported 254,800 shares or 0.17% of all its holdings. Ajo L P accumulated 0.24% or 1.20M shares. Private Advisor Grp Incorporated Ltd Liability Company last reported 0.02% of its portfolio in the stock. The Connecticut-based Benin Mgmt has invested 4.92% in Hartford Financial Services Group Inc (NYSE:HIG). Thompson Siegel And Walmsley Limited Liability has invested 0% of its portfolio in Hartford Financial Services Group Inc (NYSE:HIG). Norinchukin State Bank The reported 41,003 shares or 0.04% of all its holdings. Moreover, Winslow Evans And Crocker Inc has 0% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 996 shares. Wfg Advsr Lp last reported 0.01% of its portfolio in the stock. Hbk L P reported 105,514 shares or 0.04% of all its holdings. Silvercrest Asset Mngmt Lc, a New York-based fund reported 76,795 shares.
Insider Transactions: Since June 6, 2016, the stock had 1 insider purchase, and 1 sale for $214,900 net activity. RENYI THOMAS A bought $87,688 worth of Hartford Financial Services Group Inc (NYSE:HIG) on Monday, June 6. 7,500 Hartford Financial Services Group Inc (NYSE:HIG) shares with value of $302,588 were sold by SWYGERT H PATRICK.
The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $16.60 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 13.42 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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