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The Hartford Financial Services Group, Inc. (HIG)

NYSE - Nasdaq Real-time price. Currency in USD
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71.37+1.14 (+1.62%)
As of 11:14AM EST. Market open.
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  • C
    Celia
    According to market watch, hig have price target of 78 dollars.
  • C
    Celia
    Chubb is over $200 a share now!
  • C
    Celia
    Good article in seeking alpha how shareholders have not been rewarded for hig going it alone!
  • C
    Celia
    Hmm, all these high analyst projections and share price goes nowhere.
  • C
    Celia
    I wonder if HIG management is aware of how poorly they are doing!
  • a
    aabbg
    HIG + ALPP + VSBGF + Aabbg New Global Crypto.
  • m
    myramy
    With more analysts moving to "hold" from "buy" do we expect the stock to go below 65 soon?
  • 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
    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!
  • R
    Randall
    BofA Securities raises the PT on the Hartford to 75 dollars.
    Maintains a Neutral Rating.
  • R
    Randall
    What we are live time witnessing today is a money flow driven algorithm short trade.
    They walked Sp down from 31 to 19 dollars on only about 4 million shares, by both buying and selling shares and controlling the bid/ask and uptick.
    Facilitated of course, by a extreme downdraft market and lack of big buyers.
    Basically to a level in Sp not seen since 2012. CMF money flow spiked up as they started to cover, when the algorithm computer sensed no more selling.
    Were there long term sell-stops in place and easily observed on the journey down? Absolutely, and they were triggered and accumulated.
    HIG had tremendous volatility and Sp collapse during and after the financial crisis which makes this type of short trade far more successful than some of their peers like ALL, CB and TRV. They too have taken a great hit but no where near the 40% in one day.
    Actually, quite impressive that computer software can have this type of control but obviously depressing at the same time.
    Positive note, it is just a moment in time. The company itself is firing on all cylinders and longer term I expect to achieve new highs. Few observations, FWIW for any interested.
    Cheers to all longs.
  • R
    Randall
    Great quarterly results with EPS at .78 which is a 20% surprise.
    The 1 billion dollar share repurchase program is what have desired and needed at these Sp levels.
    Remodeling of the business structure with NAVG on board is a good idea and necessary for the maximum productivity.
    Cheers to all longs.
  • 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!.
  • R
    Randall
    KBW reduces HIG price target from 68 dollars to 64 dollars.

    Not that we are even close.