J.P. Morgan Reiterates Overweight On Hartford Financial Services (HIG)

J.P. Morgan reiterated its Overweight rating on Hartford Financial Services HIG in a research report published today. In the report, J.P. Morgan states, "Our near-term outlook for business fundamentals is mixed, but HIG's balance sheet risk has declined and results are starting to stabilize. Also, street expectations seem low and we expect the valuation discount to the group to narrow as management begins to deploy capital and returns improve." In yesterday's trading, Hartford Financial Services lost 0.52% of its value to close the day at $28.82. In today's pre-market trading its shares regained all of their losses, however, after its shares added 2.88% to their value to currently trade at $29.65.