BUZZ-Barclays upgrades Hartford Financial to 'overweight' rating

Reuters

01-07

BUZZ-Barclays upgrades Hartford Financial to 'overweight' rating

** Barclays upgrades insurer Hartford Financial Services HIG.N to "overweight" from "equal weight" rating

** Brokerage says HIG's pricing has been most favorable in the small to mid-segment in commercial property and casualty (P&C) insurance

** Barclays raises PT to $135 from $130, representing an about 23.3% upside on stock's last close

** Eleven of 22 brokerages rate the stock "buy" or higher, and 11 "hold"; their median PT is $127, according to data compiled by LSEG

** Stock rose ~35% in 2024

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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