share_log

Jefferies Maintains Hartford Financial Services(HIG.US) With Hold Rating, Raises Target Price to $127

Futu News ·  Oct 9 20:31  · Ratings

Jefferies analyst Yaron Kinar maintains $Hartford Financial Services (HIG.US)$ with a hold rating, and adjusts the target price from $113 to $127.

According to TipRanks data, the analyst has a success rate of 66.5% and a total average return of 9.7% over the past year.

AnalystRecentRatingAutoNews_201956_20241009_99efe8b7270793a3a3d2086b05fa5aaa7b6c9fda_1728556231230558_nn_en

Furthermore, according to the comprehensive report, the opinions of $Hartford Financial Services (HIG.US)$'s main analysts recently are as follows:

  • The sentiment on the property and casualty sector remains positive looking into Q3 reports, although the prevailing optimistic expectations and valuations moderate the perspective on stocks. The sector benefits from continuing strong pricing and a defensive risk profile, however, the anticipated margins for underwriters and sales growth for brokers may be on the higher side.

  • Anticipation for Q3 results, especially in the reinsurance segment, could be influenced by the recent Hurricane Milton. There is a positive outlook on the Personal sector due to improving margins and an increase in policies-in-force. It is projected that catastrophe losses will be below the five-year seasonal average yet significantly higher than the same period in the previous year, which may present a downside risk for primary insurers.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment