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The Hartford Financial Services Group, Inc. (HIG)

NYSE - NYSE Delayed Price. Currency in USD
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36.88+1.08 (+3.02%)
At close: 4:02PM EDT

36.88 0.00 (0.00%)
After hours: 4:38PM EDT

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  • R
    Randall
    Citigroup raises PT to 46 dollars from 44 dollars.
  • T
    Thomas
    my charts do not indicate any resistance under $60. Anyone have more reliable data. Please include 50 and 200 day moving averages. I can't trust my data links today...think there is a system malfunction. Thank you in advance. GLTA
  • T
    Thomas
    Clearly not a stock to hold but rather trade. Buy below $40 and sell at $42.
  • T
    Thomas
    A very good print and hopefully a steady run back to $50+. Any thoughts?
  • M
    Michael
    The stock is down because of a radical federal judge, Bough, ruled that business owners can sure their insurers for Business Interruption Coverage. I looked him up and he is very liberal and highly political. This should be appealed and won by more practical and law abiding judge.
  • R
    Randall
    Preliminary earning estimates seem very well and above consensus.
    Core earning estimates for Q2 of 1.22 versus the 91 cents predicted.
    Cheers that it bodes well for a return of good and reasonable Sp valuations.
  • q
    qtrnomore
    Someone told me they are still in business so I came here to check. And sure enough they are, which surprised the #### out of me.
  • T
    Thomas
    First close above $42.50 in 2 months.
  • T
    Thomas
    Still having trouble holding $42.50. Was hoping we would put that level behind us today.
  • T
    Thomas
    Does HIG get any momentum moving into dividend? Still holding around $42.50. GLTA
  • R
    Randall
    Few thoughts on the short term outlook---all IMO:
    From a trade/technical perspective, CMF money flow has been falling/decreasing for the majority of October and stayed in the far negative readings (Positive .15 to a negative .20 today). Usually this denotes that institutions have been selling and not adding or holding. Reasons could be higher valuations, profit taking from a previous long an extended run upwards, near end of year action or fear that the same factors effecting TRV will portend to HIG's results.
    Related to this and from a site I use/follow, (as do many institutions) is the Chaikin Power Gauge Rating which incorporates both an assortment of technical and many fundamental factors to produce a overall strength reading. HIG has gone basically from a "Strong Bullish" reading to a "Neutral" reading.
    Long term, I am overall bullish but short term we are having difficulty gaining traction in general market rallies and holding any gains. The quarterly results this quarter will be interesting but unless we prove ourselves outstanding from the herd, we very well might struggle to make new highs as portended from many good analyst recommendations. There is no dividend increase from management which in/of itself is acceptable but also could be a negative sign from management.
    Time will tell of course but personally I am expecting more sideways trade in the interim or even down if the results and liability is troublesome. Hoping and expecting new highs longer term but realistically presently looking at the numbers and present trade action.
    Cheers to all longs.
  • 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
    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
    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
    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.
  • 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
    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
    KBW reduces HIG price target from 68 dollars to 64 dollars.

    Not that we are even close.