RBC Capital raised the firm’s price target on Hartford Financial to $95 from $77 and keeps a Sector Perform rating on the shares. The company’s Q4 results exceeded the firm’s estimates by a meaningful margin, with Commercial Lines reporting a good all-around quarter, the analyst tells investors in a research note. Commercial Lines underwriting margins showed nice improvement and reserve releases were above recent trend, the firm added.
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Read More on HIG:
- Hartford Financial price target raised to $90 from $80 at Roth MKM
- Hartford Financial reports Q4 EPS $2.51, consensus $2.44
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- HIG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Hartford Financial price target raised to $97 from $88 at BofA