Hartford price target lowered to $150 from $160 at Raymond James

Raymond James analyst C. Gregory Peters lowered the firm’s price target on Hartford (HIG) to $150 from $160 and keeps an Outperform rating on the shares. Hartford is expected to generate above-peer ROEs through 2027, supported by its leadership in U.S. small commercial insurance, disciplined underwriting, and relatively stable combined ratios, though shares declined about 2% following Q1 results that missed expectations due to a legacy reserve charge and higher expense ratios, the analyst tells investors in a research note.