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The Hartford Financial Services Group, Inc. (HIG)

NYSE - NYSE Delayed price. Currency in USD
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72.12-0.29 (-0.40%)
At close: 4:02PM EDT
72.12 0.00 (0.00%)
After hours: 06:18PM EDT
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  • R
    Randall
    Barclays raises the PT on the Hartford to 76 dollars from 73 dollars.
  • R
    Randall
    JP Morgan raises the PT on the Hartford to 77 dollars from 72 dollars.
  • C
    Celia
    Given big banks record trading revenue, Hig trading revenue should be outstanding too!
  • C
    Celia
    Chubb buying Cigna health and life insurance.
  • R
    Randall
    The Credit Swiss analyst Andrew Kligerman believes that the Hartford is undervalued and that there will be renewed interest in a buyout/merger between their peers,. Activists could see a 50% return premium if sold in entirety. The Group benefits being a particular gem.
    He raises the PT on the Hartford to 93 dollars from 82 dollars.
    Maintains their Outperform Rating.
    Cheers to all longs!.
  • C
    Celia
    Good thing CB did not get Hig for $70. We are higher than that price now!
  • C
    Celia
    Chubb is up today 183.3...hig is dn and can't reach old high as Chubb sets new hig daily. Hig management is looking out for themselves not shareholders.
  • C
    Celia
    Chubb is 181 a share now. Hig barely moves and is still dn.
  • H
    Hoster
    Strange today as this is not a MEME stock and the last spike was before the CB offers....did someone see a person Chubb from walk into HIG office at 12:50PM, only to recognize this person was not aperson from CB, at 1PM?? :-)
  • R
    Randall
    Looks like stellar results this quarter, a sizable beat on both earnings and revenue.
    Earnings of 2.33 versus Street estimate of 1.34.
    Revenue of 5.59 B versus a 5.20 B estimate.
    More details or sometimes changes to follow.
    Good job HIG management.
    Cheers to all longs!
  • C
    Celia
    Chubb up 186....hig dn...
  • C
    Celia
    Chubb is 184.24...hig shareholders could of had shares and cash.....but greedy hig mgmt did not want to loose their jobs!
  • R
    Randall
    We broke 60 dollars/share, a small milestone for the Hartford today since the financial crisis. No guarantee of course we hold above this level but it is still a sign of good progress by management from the melt down days, IMO.
    Next of the agenda, IF quarterly results are good, the general market stays coherent and their catastrophe losses are in alignment, I am hoping for a slight dividend increase.
    Cheers to all longs!
  • R
    Randall
    Looking fairly well as to the recovery in Sp, IMO.
    We broke ahead of our short term intermediary high at 43.18 from back in April.
    We are well above the EMA (34) and the SMA (50).
    Next challenge is the SMA (200) which hovers at about 52.30. There are also some gaps in Sp in this latest ascent to reach that value. The MM will want those gaps filled.
    Money flow has been steadily improving in value of CMF (Chaikin Money Flow) and OBV (On Balance Volume) designating institutional support for this price increase.
    I would expect a partial retrace fairly soon in Sp from our present ascent. Normal trading and a good short term buying opportunity.
    Cheers to all longs.
  • R
    Randall
    Goldman Sachs raise Hartford from a NEUTRAL to a BUY Rating.
    They expect a modest earnings lift from the NAVG acquisition and stable margins in their legacy Personal and Commercial business segments.
    Also believes HIG's NTM price to earnings ratio is at a substantial discount to it's peers Chubb, Travelers. Says this discount is "overstated".
    Reuters
  • R
    Randall
    KBW cuts PT to 67 dollars from 70 dollars.
    These PT reductions appears to be a trend by many analysts in HIG and other companies in the sector.
    Valuations/earnings are the main reasons but keeping it simple, these companies appear to be taking a break in the rise in Sp from their previous and extended ascent. Period of consolidation.
    The analysts are calling what is evident and present, IMO.
    In total, IMO they are still overall bullish on HIG from a longer term time horizon. Perform and outperform ratings with most having higher PT's.
    Cheers to all longs.
  • R
    Randall
    Quarterly results for the Hartford appear excellent, including a 23% increase in BV to 43.13.
    NAVG is still a work in progress but appears to be integrating wellWe have purchased 90 million in common share with 910 million still to follow. That is encouraging and will be helpful IMO for future Sp stability and quarterly results.
    Cheers for positive gains in the coming days.
  • m
    mario
    We can expect a competitive process if HIG chooses to sell with Allianz and Zurich joining the process ... fair value is at least 80
  • R
    Randall
    Few thoughts:
    One. With our recent past, present and hopefully continuing great earning results the institutions (that for the most part control our Sp) will add and initiate to their positions in HIG. IMO we should be viewed as one of the "better of the breed" as long as Swift was both honest and exact in his analysis. We have already had far higher price targets by an assortment of good analysts, that many institutions follow. Downside of course, we are still a part of small and large ETF's and other mutual funds that will detract from Sp progress in a sell off.
    Two. The headwinds I believe will be a very low interest rate environment for a longer time, an ensuing recession, larger overall market retracement and natural disasters (fire, floods, hurricaines); that appear to be recurring with more detriment and frequency. So far, so good, as HIG has "navigated" (no pun intended) these troubles excellent.
    Three. A minor detail but there is a gap in the chart from our recent move upwards and because it is closer numerical proximity, I expect it to be filled on a down day or period.
    Four. NAVG might very well be an ace in the hole for future quarterly earning results and in hindsight might be viewed as a very smart purchase--regardless of it's exorbitant price tag.
    Five. Great results yesterday IMO that hopefully will be followed by further upgrades if the analysts desire to be ahead of the curve.
    Six. IF, overall things continue positive I still expect a dividend increase in the next quarter to two.
    Cheers to all longs and please add more ideas.
  • R
    Randall
    BofA Securities raises the PT on the Hartford to 75 dollars.
    Maintains a Neutral Rating.