Hartford Financial price target raised to $111 from $105 at Goldman Sachs

Goldman Sachs analyst Robert Cox raised the firm’s price target on Hartford Financial to $111 from $105 and keeps a Buy rating on the shares. The firm’s reserve analysis suggests that Hartford maintains a $2B-plus redundant reserve position in workers’ compensation spanning many accident years, including 2023. The company’s workers’ comp reserve position likely improved in 2023 despite releasing significant reserves, the analyst tells investors in a research note.