Hartford (HIG) Offering Possible 15.47% Return Over the Next 16 Calendar Days

Hartford’s most recent trend suggests a bearish bias. One trading opportunity on Hartford is a Bear Call Spread using a strike $39.00 short call and a strike $44.00 long call offers a potential 15.47% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $39.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock rose above the $44.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Hartford is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Hartford is bearish.

The RSI indicator is at 28.23 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Hartford

3 Hartford Mutual Funds for Stellar Returns
Mon, 29 Jun 2020 11:10:11 +0000
Below we share with you three top-ranked Hartford mutual funds. Each has earned a Zacks Mutual Fund Rank 1 (Strong Buy) or 2 (Buy).

Hartford Financial & Units Get Rating Action From AM Best
Mon, 22 Jun 2020 13:52:01 +0000
Hartford Financial (HIG) and units’ rating action reflects strong balance sheet, operational excellence and effective enterprise risk management.

AM Best Affirms Credit Ratings of The Hartford Financial Services Group, Inc. and Subsidiaries; Upgrades Credit Ratings of Hartford Life and Accident Insurance Company
Fri, 19 Jun 2020 17:25:00 +0000
AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” and the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of The Hartford Financial Services Group, Inc. (The Hartford) [NYSE: HIG], which is the ultimate parent of the companies hereinafter mentioned. AM Best also has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of “aa-” of Hartford Fire Insurance Company and its pooling subsidiaries and affiliates, collectively known as the Hartford Insurance Group. Concurrently, AM Best has upgraded the FSR to A+ (Superior) from A (Excellent) and the Long-Term ICR to “aa-” from “a+” of Hartford Life and Accident Insurance Company (HLA), reflective of it receiving full rating enhancement to the Hartford Insurance Group, driven by its growing contribution to consolidated revenue and earnings and the overall diversification it provides. The outlook of these Credit Ratings (ratings) is stable. All of the above companies are headquartered in Hartford, CT.

Edited Transcript of HIG.N earnings conference call or presentation 30-Apr-20 1:00pm GMT
Wed, 17 Jun 2020 18:19:30 +0000
Q1 2020 Hartford Financial Services Group Inc Earnings Call

5 Undervalued Financial Stocks That Could Trade Higher
Wed, 17 Jun 2020 16:50:51 +0000
Value can be difficult to locate, but these financial stocks trade below their long-term average valuations Continue reading…

Be Sociable, Share!

Related Posts