Hartford Financial price target lowered to $159 from $162 at Barclays

Barclays lowered the firm’s price target on Hartford Financial (HIG) to $159 from $162 and keeps an Overweight rating on the shares. The firm adjusted targets in the insurance group as part of a Q1 preview. Premium growth and broker organic growth “are likely to remain sluggish,” the analyst tells investors in a research note. However, Barclays sees solid margins and strong capital deployment still contributing to reported book value growth in Q1.