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Hartford Financial Services Group (HIG)

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Latest Analyst Comments on Hartford Financial Services Group (HIG)

Earnings Preview: Hartford to report 4Q results (BusinessWeek) - Feb 05, 2010

Hartford Financial Services Group (HIG) - Rob Haines at CreditSights

WHY IT MATTERS: A year ago, Hartford posted a loss and announced plans to slash its dividend, after what its chief executive called the most challenging year in the company's 200 year history Last year, the government gave six life insurers, including Hartford Financial, approval to tap its $700 billion bailout program The company received $34 billion in funds in late June Several analysts have turned upbeat on Hartford Financial "We believe Hartford has taken the necessary steps to clean up its balance sheet and restore capital levels," Rob Haines, a CreditSights analyst, said in a recent client note

Rob Haines

Rob Haines
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Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford Financial Services Group (HIG) - Thomas Gallagher at Credit Suisse

"We believe Hartford has taken the necessary steps to clean up its balance sheet and restore capital levels," Rob Haines, a CreditSights analyst, said in a recent client note CreditSuisse analyst Thomas Gallagher recently increased his 2010 earnings outlook for Hartford Financial by 25 cents to $4 WHAT'S EXPECTED: Analysts polled by Thomson Reuters expect Hartford to post fourth quarter earnings of $135 per share and revenue to reach $239 billion LAST YEAR'S QUARTER: Hartford reported a loss of $271 per share on revenue of $565 million

Thomas Gallagher

Thomas Gallagher
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Insurer Hartford expected to post 4th-quarter profit driven by insurance ... (CanadianBusiness.com) - Feb 05, 2010

Hartford Financial Services Group (HIG) - Thomas Gallagher at Credit Suisse

"We believe Hartford has taken the necessary steps to clean up its balance sheet and restore capital levels," Rob Haines, a CreditSights analyst, said in a recent client note CreditSuisse analyst Thomas Gallagher recently increased his 2010 earnings outlook for Hartford Financial by 25 cents to $4 WHAT'S EXPECTED: Analysts polled by Thomson Reuters expect Hartford to post fourth quarter earnings of $135 per share and revenue to reach $239 billion LAST YEAR'S QUARTER: Hartford reported a loss of $271 per share on revenue of $565 million Report As (required): Please select Off topic Offensive/Threatening language Advertising/Spam Copyright/Plagiarism Other Comments (optional):

Thomas Gallagher

Thomas Gallagher
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford Financial Services Group (HIG) - Rob Haines at CreditSights

WHY IT MATTERS: A year ago, Hartford posted a loss and announced plans to slash its dividend, after what its chief executive called the most challenging year in the company's 200 year history Last year, the government gave six life insurers, including Hartford Financial, approval to tap its $700 billion bailout program The company received $34 billion in funds in late June Several analysts have turned upbeat on Hartford Financial "We believe Hartford has taken the necessary steps to clean up its balance sheet and restore capital levels," Rob Haines, a CreditSights analyst, said in a recent client note

Rob Haines

Rob Haines
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Chubb Reports Third Straight Profit Gain as Investments Improve (BusinessWeek) - Jan 28, 2010

Hartford Financial Services Group (HIG) - Paul Newsome at Sandler O'Neill & Partners

The company reported profits and maintained a share buyback program throughout the credit crisis as competitors American International Group Inc and Hartford Financial Services Group Inc took government aid The insurer is seeking to retain customers as corporations cut costs amid the recession and industry rates decline "The fact that they continue to be respectfully profitable despite the difficult environment is noteworthy," Paul Newsome, an analyst at Sandler O'Neill & Partners LP, said in an interview before results were released "Chubb has been among the most disciplined in the industry

Paul Newsome

Paul Newsome
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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MetLife, Hartford May Avoid Worst of Obama Tax Plan (Update3) (BusinessWeek.com - Investing) - Jan 18, 2010

Hartford Financial Services Group (HIG) - Colin Devine at Citigroup Global

MetLife Inc and Hartford Financial Services Group Inc are among the life insurers that will sidestep most of the costs from President Barack Obama's plan to tax as many as 50 financial firms, Citigroup Inc said Obama's plan to recover bailout funds is "not a threat to life insurer earnings," said Colin Devine, a Citigroup analyst, in a note to clients today "The Financial Crisis Responsibility Fee is clearly targeted at other types of financial institutions, namely banks and broker dealers" MetLife and Prudential Financial Inc, the two largest US life insurers, declined to accept bailout funds while the biggest banks, led by Bank of America Corp, Citigroup and JPMorgan Chase & Co, took at least $25 billion each

Colin Devine

Colin Devine
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford Financial Services Group, Inc. (The) (Moody's Global Credit Research) - Dec 29, 2009

Hartford Financial Services Group (HIG) - Moody's Global Credit Research

The Hartford Financial Services Group, Inc. ("The Hartford"; NYSE: HIG, senior debt rated Baa3), is an insurance and financial services holding company that offers property & casualty (P&C) as well as life and annuity insurance products through its insurance operating subsidiaries. Hartford Fire (insurance financial strength at A2) is among the largest P&C insurers in the US while Hartford Life (insurance financial strength at A3) has a leading market position in group insurance and a significant presence in a number of life insurance and investment product lines. The Hartford's ratings are based on diversified revenue and earnings streams at its life and P&C operations, its broad array of products, multiple distribution channels, moderate financial leverage, and strong parent company liquidity. These factors are tempered by ongoing concerns about the life operation's exposure to equity market volatility in stressed scenarios given the guarantees imbedded in the group's variable annuity

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MetLife, Hartford May Avoid Worst of Obama Tax Plan (BusinessWeek) - Jan 15, 2010

Hartford Financial Services Group (HIG) - Colin Devine at Citigroup Global

MetLife Inc and Hartford Financial Services Group Inc are among the life insurers that will sidestep most of the costs from President Barack Obama's plan to tax as many as 50 financial firms, Citigroup Inc said Obama's plan to recover bailout funds is "not a threat to life insurer earnings," said Colin Devine, a Citigroup analyst, in a note to clients today "The Financial Crisis Responsibility Fee is clearly targeted at other types of financial institutions, namely banks and broker dealers" MetLife and Prudential Financial Inc, the two largest US life insurers, declined to accept bailout funds while the biggest banks, led by Bank of America Corp, Citigroup and JPMorgan Chase & Co, took at least $25 billion each

Colin Devine

Colin Devine
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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MetLife, Hartford May Avoid Worst of Obama Tax, Citigroup Says (BusinessWeek) - Jan 15, 2010

Hartford Financial Services Group (HIG) - Colin Devine at Citigroup Global

MetLife Inc and Hartford Financial Services Group Inc are among the life insurers that will avoid most of the cost of President Barack Obama's plan to tax as many as 50 financial firms, Citigroup Inc said Obama's plan to recover bailout funds is "not a threat to life insurer earnings," said Colin Devine, a Citigroup analyst, in a note to clients today "The Financial Crisis Responsibility Fee is clearly targeted at other types of financial institutions, namely banks and broker dealers" MetLife and Prudential Financial Inc, the two largest US life insurers, declined to accept bailout funds while the biggest banks, led by Bank of America Corp, Citigroup and JPMorgan Chase & Co, took at least $25 billion each

Colin Devine

Colin Devine
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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The Misadventures of Moody's: Touting The Hartford, Mangling MetLife (BNET - Finance) - Dec 17, 2009

Hartford Financial Services Group (HIG) - Suneet Kamath at Sanford C. Bernstein

BernsteinResearch analyst Suneet Kamath is a sharp cookie who understands insurance companies In a research note he said that The Hartford's business model of combining life and property insurance "does not make sense," but that the insurer's debt load prevents it from selling the property side of the company The Hartford also has an untested CEO in Liam McGee, who only joined the company in October He came from Bank of America, where he had virtually no insurance experience But then the same could probably be said for Moody's

Suneet Kamath

Suneet Kamath
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford's Business Model 'Does Not Make Sense,' Bernstein Says (Bloomberg) - Dec 17, 2009

Hartford Financial Services Group (HIG) - Suneet Kamath at Sanford C. Bernstein

Hartford Financial Services Group Inc , the firm that took a $34 billion US bailout, assembled a mix of property casualty and life insurance businesses that "does not make sense," Sanford C Bernstein & Co said "We tend to think that Hartford's combination of life and P&C is something of a ‘forced marriage' at this point," Suneet Kamath , an analyst for BernsteinResearch, said today in a research note "A potential sale of the P&C business is not a viable option, as management's hands are tied by" Hartford's debt load , Kamath said Chief Executive Officer Liam McGee , who joined the company in October, is reviewing Hartford's businesses and plans to lay out his strategy early next year

Suneet Kamath

Suneet Kamath
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Insurers poised for better 2010 (InvestmentNews.com News by topic: Insurance) - Dec 13, 2009

Hartford Financial Services Group (HIG) - Andrew Kligerman at UBS

The Hartford has turned itself around sufficiently to merit a "buy" recommendation from UBS. "The Hartford survived the storm, but not without having to throw a few valuables overboard," said Andrew Kligerman, a life insurance analyst at UBS, referring to the carrier's roster of variable annuities with living benefits.

Andrew Kligerman

Andrew Kligerman
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford CEO Sees 'Slow, Choppy' Economic Recovery (CNNMoney.com) - Nov 04, 2009

Hartford Financial Services Group (HIG) - Randy Binner at Friedman Billings Ramsey

CHICAGO (Dow Jones) Liam E. McGee , who took over as chief executive of Hartford Financial Services Group Inc. (HIG) in October, said Wednesday the company is preparing for a "slow, choppy recovery" in the economy in 2010 and beyond. Analysts said almost the same thing about Hartford itself after the insurer's third quarter results beat expectations, although it was the company's fifth consecutive quarterly loss. In a Wednesday research note, Fox Pitt Kelton analyst Mark Finkelstein called Hartford's results "mixed, but core longer term trends do not appear to have deteriorated" from the second quarter. "More stable than [in the] past," said FBR Capital Markets' Randy Binner in a Wednesday note.

Randy Binner

Randy Binner
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Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford Financial Services Group (HIG) - Mark Finkelstein at Fox-Pitt Kelton

CHICAGO (Dow Jones) Liam E. McGee , who took over as chief executive of Hartford Financial Services Group Inc. (HIG) in October, said Wednesday the company is preparing for a "slow, choppy recovery" in the economy in 2010 and beyond. Analysts said almost the same thing about Hartford itself after the insurer's third quarter results beat expectations, although it was the company's fifth consecutive quarterly loss. In a Wednesday research note, Fox Pitt Kelton analyst Mark Finkelstein called Hartford's results "mixed, but core longer term trends do not appear to have deteriorated" from the second quarter. "More stable than [in the] past," said FBR Capital Markets' Randy Binner in a Wednesday note.

Mark Finkelstein

Mark Finkelstein
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Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Ahead of the Bell: Hartford Financial Services (Forbes) - Nov 04, 2009

Hartford Financial Services Group (HIG) - Jeffrey Schuman at Keefe, Bruyette & Woods

Hartford Financial Services Group Inc is rebounding from the credit crisis and market downturn earlier this year with a strong capital base and improving businesses, an analyst wrote in a research note Wednesday. Keefe, Bruyette & Woods Inc analyst Jeffrey Schuman said Hartford Financial's third quarter results released Tuesday showed better than expected earnings from both its property and casualty and life insurance businesses.

Jeffrey Schuman

Jeffrey Schuman
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Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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The Hartford's Stock Soars After Group's Recommendation To Buy (The Hartford Courant - Business) - Oct 06, 2009

Hartford Financial Services Group (HIG) - Andrew Kligerman at UBS

Shares in The Hartford rose as much as 10 percent in mid morning trading today after a analyst at UBS Securities recommended buying the stock. The shares rose $2.59, to $28.84 at 11:10 a.m., but had settled back to $28.17, up $1.92, or 7.3 percent, as of 1:15 p.m. The Hartford Financial Services Group Inc. "has the means to absorb adverse equity markets, higher statutory capital requirements and investment losses," UBS analyst Andrew Kligerman said Monday in a note to investors. Kligerman raised his rating on the stock to "buy" from "neutral."

Andrew Kligerman

Andrew Kligerman
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford leads insurance stocks higher (MarketWatch) - Oct 06, 2009

Hartford Financial Services Group (HIG) - Andrew Kligerman at UBS

Hartford Financial Services led insurance stocks higher Tuesday after an analyst said the company has enough capital and could generate more profit if equity markets continue recovering in coming years. UBS analyst Andrew Kligerman resumed coverage of Hartford with a buy rating. The company /quotes/comstock/13*!hig /quotes/nls/hig ( HIG 28.34 , +2.09 , +7.96% ) has $9.2 billion in capital, including $3.4 billion from the government's Troubled Asset Relief Program and $900 million from selling new common stock earlier this year, he noted. That means the insurance can absorb the impact of weaker equity markets, higher statutory capital requirements, and investment losses, which may reach $2.5 billion, after tax, over the next five years, the analyst estimated.

Andrew Kligerman

Andrew Kligerman
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Hartford Advances After UBS's Kligerman Says 'Buy' (Bloomberg) - Oct 06, 2009

Hartford Financial Services Group (HIG) - Andrew Kligerman at UBS

Hartford Financial Services Group Inc. , the insurer that took a $3.4 billion bailout from the U.S. government, led the 24 stock KBW Insurance Index after UBS AG recommended buying the shares. "Hartford has means to absorb adverse equity markets, higher statutory capital requirements, and investment losses," Andrew Kligerman , a UBS analyst, said yesterday in a note to clients. "Hartford's near term road map seems clear and extremely positive." . Liam McGee , the Bank of America Corp executive named last week to lead Hartford, takes over amid a recovery in the insurer's portfolio of fixed income holdings.

Andrew Kligerman

Andrew Kligerman
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Top Analyst Upgrades (AFL, AMX, GLW, KOF, GIS, HIG, TIF, TJX) (24/7 Wall St) - Oct 06, 2009

Hartford Financial Services Group (HIG) - UBS

Hartford Financial (NYSE: HIG) Started as Buy at UBS. Tiffany (NYSE: TIF) Started as Buy at Citigroup.

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Hartford hopes new CEO will lend fresh viewpoint (Business Insurance) - Oct 04, 2009

Hartford Financial Services Group (HIG) - Morningstar

"He does have experience in a complex financial situation, which will probably suit him well at the Hartford," said Drew Woodbury, an associate analyst with Morningstar Inc in Chicago.

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Hartford Financial Services Group (HIG) - Cliff Gallant at Keefe, Bruyette & Woods

But it may take longer for Mr. McGee to make a decision on Hartford's direction than someone who has been in the insurance business and has "a view with more conviction," he said. "He does have experience in a complex financial situation, which will probably suit him well at the Hartford," said Drew Woodbury, an associate analyst with Morningstar Inc in Chicago. "Some of the distribution for the Hartford's annuity and life insurance products is done through a bank channel, so maybe he has some experience" in that area. John Wicher, principal of John Wicher & Associates of San Francisco, said at this point, "you need somebody coming in who has real expertise in complex financial institutions," which Mr. McGee has. Cliff Gallant, an analyst with Keefe, Bruyette & Woods Inc in New York, said KBW banking analysts liked Mr. McGee.

Cliff Gallant

Cliff Gallant
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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