HIG Price Prediction Next Week
Technical Analysis: HIG's stock closed at $111.44 on Friday, showing a -0.83% decline in regular market trading . The technical indicators suggest a mixed outlook:
- RSI-14 at 46.61 indicates neutral momentum
- MACD (0.09) with negative histogram (-0.08) suggests weakening momentum
- Stock trading between Bollinger Bands (BBL: 109.69, BBM: 112.60, BBU: 115.50) with BBP at 0.30 indicating slight bearish pressure
News Impact: Recent developments show:
- Property & Casualty written premiums increased 7% in Q4
- Core earnings declined 3.9% YoY to $2.94 per share
- Increased general liability reserves by $130M due to higher settlement costs
- Potential impact from California wildfires being monitored
Price Targets & Analyst Consensus:
- Consensus rating is "Moderate Buy" from 22 analysts
- Mean price target: $127.70 (14.6% upside)
- Keefe Bruyette's target: $140 (25% upside)
- Street-high target: $150 (34% upside)
Next Week's Price Prediction: Based on Fibonacci levels and technical indicators:
- Resistance levels: R1: $113.47, R2: $114.37, R3: $115.82
- Support levels: S1: $110.57, S2: $109.68, S3: $108.23
- Pivot point: $112.02
Expected trading range: $110.57 - $113.47
Recommendation: HOLD The stock shows mixed signals with bearish short-term momentum but strong analyst support. Current price ($111.44) is near key support level. Wait for clearer directional movement before establishing new positions.
HIG Similar Chart Price Prediction
The price of HIG is predicted to go up -11.19%, based on the high correlation periods with GCTK. The similarity of these two price pattern on the periods is 91.57%.
HIG
GCTK
Down: -11.19%Similarity: 91.57%
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HIG Analyst's Forecast
Elyse Greenspan
Wells Fargo
Buy
2025-01-14
Price Target
$134 → $130
Upside
+15.59%
Wells Fargo lowered the firm's price target on Hartford Financial to $130 from $134 and keeps an Overweight rating on the shares. Discussing the insurance industry, Wells notes that for non-life insurance, the focus remains on cats, pricing, loss trend, reserves and margins. Domestically Q4 cats are above normal due to Milton, with international losses from Spanish floods. For Life insurance, the focus is on sales growth, rate commentary, Group results, and guides. Sales growth should continue to get attention, while group results are trending well, and life companies continue to return capital. Meanwhile, Brokers should continue to see good organic growth, the firm adds.
Meyer Shields
Keefe, Bruyette & Woods
Buy
2025-01-10
Price Target
$135 → $139
Upside
+30.75%
Alex Scott
Barclays
Hold → Buy
2025-01-06
Price Target
$135
Upside
+24.25%
