RBC Capital analyst Mark Dwelle lowered his price target on Hartford Financial to $58, saying that while the company produced a "solid" Q3, its Workers Comp business was under pressure. The analyst also attributes his price target change to reduced valuation of 1.5-times expected 2019 book value from 1.6-times to reflect lower sector multiples, but keeps his Outperform rating, noting that shares are "attractively valued for a business that is seeing good earnings growth and actively deploying capital".

Citi raised the firm's price target on Hartford Financial to $113 from $109 and keeps a Buy rating on the shares as part of a Q1 earnings preview for the commercial property and casualty insurance broker space. Commercial focused underwriters and insurance brokers remain relatively well situated heading into the quarter, says Citi, which prefers brokers given leverage to pricing, and concerns around casualty lines in commercial lines. The analyst believes organic growth and margins for brokers should remain relatively stable, supporting continued outperformance.