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Hartford Affirmed At Neutral
Posted on March 16, 2012 at 17:15 PM EDT
We have maintained our Neutral recommendation on Hartford Financial Services Group Inc. (NYSE:HIG) based on the measures taken to improve financial and risk management and the company’s increased focus on its high-yielding mutual funds business. However, continued deterioration in net investment income, a decline in statutory surplus and a challenging regulatory environment are the downsides. [...]

We have maintained our Neutral recommendation on Hartford Financial Services Group Inc. (NYSE:HIG) based on the measures taken to improve financial and risk management and the company’s increased focus on its high-yielding mutual funds business. However, continued deterioration in net investment income, a decline in statutory surplus and a challenging regulatory environment are the downsides.
Hartford reported fourth-quarter 2011 operating earnings of $442.0 million or 90 cents per share, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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