Roth Capital raised the firm’s price target on Hartford Financial (HIG) to $135 from $120 and keeps a Neutral rating on the shares after its Q4 earnings beat. Almost everything went Hartford’s way this quarter, including lower-than-expected catastrophe losses, more favorable loss reserve development than we modeled, better underlying results, and better P&C investment income, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIG:
- Hartford Financial reports Q4 core EPS $4.06, consensus $3.22
- Is HIG a Buy, Before Earnings?
- Hartford Financial price target raised to $160 from $152 at Cantor Fitzgerald
- Hartford Financial price target raised to $153 from $140 at Wells Fargo
- Hartford Financial price target raised to $151 from $143 at Goldman Sachs