Alert: Positive Investment/Fundamental Signals (11/6/23)-Hartford Financial Services Grou (NYSE: HIG)


Extremely important positive changes in investment behavior have recently occurred for Hartford Financial Services Grou (NYSE: HIG): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Hartford Financial Services Grou (NYSE: HIG). Important positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, HIG is expected to continue to be a major Value Builder.

Hartford Financial Services Grou has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hartford Financial Services Grou has a neutral Appreciation Score of 53 but a good Power Rating of 74, producing the Positive Value Trend Rating.

Recent Price Action

On 11/6/23, Hartford Financial Services Grou (NYSE: HIG) stock declined slightly by -0.2%, closing at $73.97. Relative to the market the stock has been strong over the last nine months and has risen 5.1% during the last week.

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