Mizuho downgrades Hartford Financial stock rating on underwriting pressure By Investing.com
Investing.com Canada
Mizuho has downgraded Hartford Financial Services Group (NYSE:HIG) to Neutral from Outperform, lowering its price target to $154 due to anticipated pressure on underwriting results, including a 150 basis points deterioration in the underlying loss ratio. Despite these headwinds, the firm expects an operating return on equity above 15% and double-digit out-year earnings per share growth, with the stock still considered undervalued according to InvestingPro's Fair Value analysis. Hartford Financia
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