FBR Capital Downgrades Hartford Financial Services (HIG) to Market Perform

November 28, 2016 5:54 AM EST
Get Alerts HIG Hot Sheet
Price: $48.31 +0.15%

Rating Summary:
    10 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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FBR Capital downgraded Hartford Financial Services (NYSE: HIG) from Outperform to Market Perform while maintaining a price target of $47.00.

Analyst Randy Binner commented, " HIG is trading at 98% of its five-year min/max P/E valuation. While HIG's post-election move has not been dramatic, it has put HIG close to our $47 sum-of-the-parts-based price target. We do not have a reason to move the target higher and are moving to the sidelines."

For an analyst ratings summary and ratings history on Hartford Financial Services click here. For more ratings news on Hartford Financial Services click here.

Shares of Hartford Financial Services closed at $47.87 yesterday.

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