Hartford Financial (NYSE: HIG) was downgraded by investment analysts at JPMorgan Chase & Co. (NYSE: JPM) to a “neutral” rating in a note issued to investors on Friday.
Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Hartford Financial from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 9th. Analysts at Zacks Investment Research upgraded shares of Hartford Financial from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, January 6th. They now have a $18.00 price target on the stock. Also, analysts at Barclays Capital (NYSE: BCS) reiterated an “equalweight” rating on shares of Hartford Financial in a research note to investors on Friday, December 9th.
The Hartford Financial Services Group, Inc. (The Hartford) is an insurance and financial services company. It provides investment products, individual life, group life and group disability insurance products, and property and casualty insurance products in the United States. The Hartford is organized into two operations: Life, and Property and Casualty. The Life and Property & Casualty operations conduct business in 11 operating segments. Life is organized into six segments: Retail Products Group (Retail), Individual Life, Group Benefits, Retirement Plans, and International and Institutional Solutions Group (Institutional). On March 31, 2009, the Company sold First State Management Group, Inc. (FSMG), its surplus lines property business to Beazley Group PLC. On June 24, 2009, The Hartford acquired Federal Trust Corporation.
Shares of Hartford Financial opened at 17.56 on Friday. Hartford Financial has a one year low of $14.56 and a one year high of $31.08. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $18.45. The company has a market cap of $7.827 billion and a P/E ratio of 7.60.