Hartford Financial upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Hartford Financial (HIG) to Overweight from Equal Weight with a price target of $135, up from $130. The firm sees a strong setup for Hartford in 2025 as it believes the smaller end of the U.S. commercial lines market will remain more firm in terms of pricing than the larger end. Additionally, the personal lines business “should continue to heal” its underwriting margins in 2025 as price increases were lagged relative to some peers and are still working their way through the 12 month policies, the analyst tells investors in a research note.