Hartford Financial price target raised to $90 from $80 at Roth MKM

Roth MKM raised the firm’s price target on Hartford Financial to $90 from $80 and keeps a Neutral rating on the shares after its Q4 earnings beat. Better underlying underwriting results, lower catastrophe losses, stronger investment income and better group benefit results all contributed to better than expected earnings, and all of the company’s favorable moves should continue to contribute to the bottom line, the analyst tells investors in a research note.