Is Buying Stock Like Hartford Financial Services Group Inc Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Hartford Financial Services Group Inc Good Idea After Today's Bullish Options Activity?

In today’s session Hartford Financial Services Group Inc (HIG) registered an unusually high (694) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious HIG increase. With 694 contracts traded and 1374 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: HIG180119C00047000 closed last at: $4.85 or 7.6% down. About 201,486 shares traded hands. Hartford Financial Services Group Inc (NYSE:HIG) has risen 4.29% since April 27, 2016 and is uptrending. It has underperformed by 0.94% the S&P500.

Analysts await Hartford Financial Services Group Inc (NYSE:HIG) to report earnings on February, 2. They expect $1.03 EPS, down 3.74% or $0.04 from last year’s $1.07 per share. HIG’s profit will be $384.97 million for 11.47 P/E if the $1.03 EPS becomes a reality. After $1.06 actual EPS reported by Hartford Financial Services Group Inc for the previous quarter, Wall Street now forecasts -2.83% negative EPS growth.

Hartford Financial Services Group Inc (NYSE:HIG) Ratings Coverage

Out of 10 analysts covering Hartford Financial (NYSE:HIG), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. $55 is the highest target while $40 is the lowest. The $49.13 average target is 3.98% above today’s ($47.25) stock price. Hartford Financial has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. M Partners maintained Hartford Financial Services Group Inc (NYSE:HIG) on Friday, July 29 with “Buy” rating. The rating was downgraded by Atlantic Securities to “Neutral” on Wednesday, October 28. The firm earned “Hold” rating on Wednesday, November 18 by Argus Research. Zacks upgraded it to “Hold” rating and $55 target price in Thursday, August 20 report. Zacks upgraded Hartford Financial Services Group Inc (NYSE:HIG) rating on Tuesday, September 1. Zacks has “Hold” rating and $52 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, October 27 report. UBS maintained it with “Buy” rating and $55 target price in Wednesday, August 19 report. The stock of Hartford Financial Services Group Inc (NYSE:HIG) has “Neutral” rating given on Wednesday, August 10 by Atlantic Securities. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, May 17. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned “Overweight” rating by Atlantic Securities on Tuesday, January 26.

According to Zacks Investment Research, “Hartford Financial Services is one of the nation’s largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The company is a provider of automobile and homeowners coverages; commercial property and casualty insurance; reinsurance; and a variety of life insurance, investment products, employee benefits, group retirement plans and institutional liability funding products.”

Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.10, from 0.77 in 2016Q1. The ratio fall, 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.
Benin Mngmt Corp accumulated 4.92% or 214,551 shares. Washington Trust State Bank last reported 1,477 shares in the company. The Minnesota-based Us Fincl Bank De has invested 0.04% in Hartford Financial Services Group Inc (NYSE:HIG). Pitcairn holds 0.18% or 31,567 shares in its portfolio. Los Angeles Equity Research accumulated 521,387 shares or 0.2% of the stock. Hgk Asset Mngmt, a New Jersey-based fund reported 303,265 shares. Northcoast Asset Mgmt Llc reported 293,094 shares or 0.89% of all its holdings. Mount Lucas Ltd Partnership has 4.19% invested in the company for 555,484 shares. Wetherby Asset has 6,672 shares for 0.07% of their US portfolio. Moreover, Raymond James & Assocs has 0.01% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 106,730 shares. Moreover, Guardian Advisors Lp has 0.07% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 8,519 shares. Moreover, Stephens Inc Ar has 0.33% invested in Hartford Financial Services Group Inc (NYSE:HIG) for 167,531 shares. Victory Cap Mgmt holds 91,952 shares or 0.02% of its portfolio. The New York-based Morgan Stanley has invested 0.03% in Hartford Financial Services Group Inc (NYSE:HIG). The New York-based Jefferies Gru Lc has invested 0% in Hartford Financial Services Group Inc (NYSE:HIG).

Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 2 selling transactions for $474,031 net activity. On Wednesday, November 2 Lewis Scott R. sold $259,131 worth of the stock or 5,868 shares. RENYI THOMAS A had bought 1,965 shares worth $87,688. SWYGERT H PATRICK had sold 7,500 shares worth $302,588 on Monday, August 29.

The Hartford Financial Services Group, Inc. is a holding company. The company has a market cap of $17.66 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 13.61 P/E ratio. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

HIG Company Profile

The Hartford Financial Services Group, Inc., incorporated on December 9, 1985, is a holding firm for insurance and financial services subsidiaries. The Company, through its subsidiaries, provides property and casualty insurance, group life and disability products, and mutual funds to individual and business clients in the United States. The Firm operates through six divisions: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. The Firm manages life and annuity products.

Another recent and important Hartford Financial Services Group Inc (NYSE:HIG) news was published by Forbes.com which published an article titled: “Hartford Financial Services Group Reaches Analyst Target Price” on November 15, 2016.

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