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Date | Price Target | Rating | Analyst |
---|---|---|---|
10/4/2024 | $113.00 → $121.00 | Buy → Neutral | BofA Securities |
9/5/2024 | $130.00 | Equal Weight | Barclays |
6/28/2024 | $116.00 → $114.00 | Buy → Neutral | Citigroup |
1/10/2024 | $132.00 | Outperform | TD Cowen |
1/8/2024 | $94.00 → $91.00 | Overweight → Neutral | JP Morgan |
11/16/2023 | Perform | Oppenheimer | |
10/5/2023 | $85.00 | Hold | Deutsche Bank |
6/20/2023 | $71.00 | Equal-Weight | Morgan Stanley |
BofA Securities downgraded Hartford Financial from Buy to Neutral and set a new price target of $121.00 from $113.00 previously
Barclays initiated coverage of Hartford Financial with a rating of Equal Weight and set a new price target of $130.00
Citigroup downgraded Hartford Financial from Buy to Neutral and set a new price target of $114.00 from $116.00 previously
10-Q - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Filer)
8-K - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Filer)
S-3ASR - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Filer)
4 - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Issuer)
4 - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Issuer)
4 - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Issuer)
Increased quarterly common dividend per share by 11% Third quarter 2024 net income available to common stockholders of $761 million ($2.56 per diluted share) increased 18% from $645 million ($2.09 per diluted share) over the same period in 2023. Core earnings* of $752 million ($2.53 core earnings per diluted share*) increased 6% from $708 million ($2.29 core earnings per diluted share) over the same period in 2023. Net income ROE for the trailing 12 months of 20.0% and core earnings ROE* of 17.4%. Property & Casualty (P&C) written premiums rose 10% in third quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 9% and 12%, respectively. Commercial Lines third
AM Best has assigned indicative Long-Term Issue Credit Ratings of "a-" (Excellent) to senior unsecured issues, "bbb+" (Good) to senior subordinated issues and "bbb" (Good) to junior subordinated and preferred stock on the recently filed shelf registration of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) (NYSE:HIG). The outlook assigned to these Credit Ratings (ratings) is positive. Concurrently, AM Best has withdrawn the ratings on the previous shelf registration that expired. All other ratings of The Hartford and its insurance subsidiaries are unchanged. The Hartford's adjusted financial leverage and earnings before interest, preferred dividends and taxes coverage
Board Authorized New $3.3 Billion Share Repurchase Program Second quarter 2024 net income available to common stockholders of $733 million ($2.44 per diluted share) increased 35% from $542 million ($1.73 per diluted share) over the same period in 2023. Core earnings* of $750 million ($2.50 core earnings per diluted share*) increased 28% from $588 million ($1.88 core earnings per diluted share) over the same period in 2023. Net income ROE of 19.8% and core earnings ROE* of 17.4%. Property & Casualty (P&C) written premiums rose 12% in second quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 11% and 14%, respectively. Commercial Lines second quarter comb
The Hartford today announced the appointment of Kathleen Winters to the company's board of directors, effective July 1, 2024. She will serve on the board's Finance, Investment and Risk Management Committee as well as the Audit Committee. The company also announced that Edmund Reese, who was recently named chief financial officer of Aon, resigned from The Hartford's board of directors, effective May 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604994794/en/Kathleen Winters (Photo: Business Wire) "Having served as CFO for two large, public companies, Kathleen brings a combination of C-suite experience, deep financia
Risk analysis conducted by the newly formed National Commission on Climate and Workforce Health highlights need to bolster people, business, and economic resilience CEOs acknowledge extreme weather will be one of the most critical threats to their businesses in the next year.Yet only 17% of CEOs have invested in strategies to better protect employees from climate health risks.Exposure to more frequent extreme heat, poor air quality and unprecedented weather events directly impacts physical and mental health and exacerbates underlying chronic conditions.Extreme heat alone now generates a productivity loss of more than 295 billion work hours per year worldwide.The Commission will gather data t
The Hartford announced today Doug Elliot will retire as the company's president effective Dec. 31, following more than 11 years with the company. "Doug was instrumental in expanding the company's suite of products, developing industry-specific verticals within our property-casualty business and elevating our underwriting excellence," said The Hartford's Chairman and CEO Christopher Swift. "We sincerely thank Doug for his strong leadership and steadfast determination in transforming The Hartford over the past decade. The company is well positioned for profitable growth in the years ahead as we build on our momentum to best serve all stakeholders." Elliot oversaw the integration of The Navi
New Long-term Capacity Agreement Combines the Established Strength of The Hartford in the Cyber Market with Coalition's Unique Approach to Helping Businesses Prevent Exposures Before They Become Disruptions The Hartford and Coalition have announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition's unique Active Cyber Insurance approach in the U.K. market. "We continue to capitalize on the strengths of The Hartford and our London operations, securing new opportunities to meaningfully grow our International business and footprint," said Carl Bach, Head of The Hartford's International Business. "Drawing on our deep expertise underwr
Michael Garrison named head of Wholesale and International; Rick Ciullo to lead U.S. Specialty Retail Businesses The Hartford has expanded Michael Garrison's role to include the International division, along with his current responsibilities as head of the company's U.S. wholesale organization. Additionally, Rick Ciullo was named head of Global Specialty's U.S. retail businesses. The new position broadens Ciullo's current role overseeing Bond and Credit & Political Risk to also include Environmental, Financial Lines, Ocean Marine, Livestock and related retail-focused distribution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202
Increased quarterly common dividend per share by 11% Third quarter 2024 net income available to common stockholders of $761 million ($2.56 per diluted share) increased 18% from $645 million ($2.09 per diluted share) over the same period in 2023. Core earnings* of $752 million ($2.53 core earnings per diluted share*) increased 6% from $708 million ($2.29 core earnings per diluted share) over the same period in 2023. Net income ROE for the trailing 12 months of 20.0% and core earnings ROE* of 17.4%. Property & Casualty (P&C) written premiums rose 10% in third quarter 2024, driven by Commercial Lines and Personal Lines premium growth of 9% and 12%, respectively. Commercial Lines third
SC 13G/A - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Subject)
SC 13G/A - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Subject)
SC 13G/A - HARTFORD FINANCIAL SERVICES GROUP, INC. (0000874766) (Subject)
Hartford Finl Servs Gr's (NYSE:HIG) short percent of float has fallen 8.06% since its last report. The company recently reported that it has 4.38 million shares sold short, which is 1.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
B of A Securities analyst Joshua Shanker maintains Hartford Finl Servs Gr (NYSE:HIG) with a Buy and lowers the price target from $113 to $111.
12 analysts have expressed a variety of opinions on Hartford Finl Servs Gr (NYSE:HIG) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 8 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 3 0 0 2M Ago 1 0 1 0 0 3M Ago 1 1 3 0 0 Analysts have set 12-month price targets for Hartford Finl Servs Gr, revealing an average target of $109.75, a high estimate of $116.00, and a low estimate of $95.00. Surpassing the prev