Wells Fargo Downgrades The Hartford Financial Services Group to Equalweight
Shares of The Hartford Financial Services Group (HIG) declined 1.5% in premarket trading following a rating downgrade by Wells Fargo. The analyst shifted the stock's rating from Overweight to Equalweight. Wells Fargo analyst Elyse Greenspan cited concerns regarding increased volatility within the company's workers' compensation unit. Additionally, the firm anticipates potential volatility in HIG's small commercial lines, contributing to the cautious outlook.
