Several financial institutions including
Twin Tree Management LP,
Sei Investments Co.,
M&G Plc, and
Mitsubishi UFJ Asset Management Co. Ltd have increased their stakes in
The Hartford Financial Services Group, Inc. (HIG). This heightened interest is in line with HIG's
strong financial performance and its issuance of dividends, with a planned quarterly disbursement of $0.47 per share. HIG has hit a new 52-week high at $105.23. However, firms such as
SG Americas Securities LLC and
Swiss National Bank are trimming their holdings in the company. HIG's CEO's
compensation has been deemed unobjectionable by shareholders. Notably, the company is rated as a 'Sector perform' by Royal Bank of Canada and received a
“Moderate Buy” recommendation from brokerages. The company has had a price target increase to $116 by JPMorgan Chase & Co., but also a target reduction to $107 by Morgan Stanley. Despite internal sales by insiders causing concerns, analysts continue to consider HIG undervalued and has the potential for further price improvement. Finally, The Hartford unveiled a new
organizational structure combining operations and technology and made changes in leadership roles.
The Hartford Financial Services Group HIG News Analytics from Fri, 09 Oct 2020 13:20:30 GMT to Sun, 21 Jul 2024 15:19:18 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -2
