BMO Capital analyst Michael Zaremski initiated coverage of Hartford Financial (HIG) with a Market Perform rating and $77 price target. Zaremski expects an upward sloping reserve release trendline, but not as positive as peer Travelers (TRV), the analyst tells investors in a research note. He views Hartford’s small commercial BOP as the envy of the industry based on conversations with insurance brokers.
Published first on TheFly
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