Hartford Financial (HIG) NewsBite - HIG Moving Higher Ahead Of Earnings

Posted: Tuesday, November 03, 2009 1:59 PM EDT

Hartford Financial (NYSE: HIG) opened at $24.45. So far today, the stock has hit a low of $24.04 and a high of $25.54. HIG is now trading at $25.40, up $0.59 (2.38%). The stock hit its 52-Week high of $29.59 in earlier this month and set its 52-Week low of $3.33 in March. The stock is trading higher today ahead of this afternoon's third quarter earnings report. Analysts are expecting the company to show earnings of $1.11 per share. Last year during the same period the company had a loss of $1.40 per share. Technical indicators for the stock are neutral and S&P gives HIG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HIG the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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