The Hartford Completes Maxum Specialty Insurance Group Acquisition
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UBS Cuts Price Target on Hartford Financial (HIG) to $47; Reiterates Buy
August 1, 2016 9:14 AM EDTUBS maintained a Buy rating on Hartford Financial Services (NYSE: HIG), and cut the price target to $47.00 (from $54.00), following the company's reported loss cost issues with its personal auto insurance business. UBS lowered 2016 EPS estimates to $3.35 from $4.04 and 2017 estimate to $4.20 from $4.60. The lower estimates reflect... More
