Hartford Financial Stock Has 40% Growth Potential

Hartford Financial Stock Has 40% Growth Potential

KIEV, UKRAINE - 2018/12/18: In this photo illustration, the Hartford Financial services company ... [+] logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)



LightRocket via Getty Images

We believe that Hartford Financial stock (NYSE: HIG) has an upside potential of 40% in the short term. HIG trades near $40 currently and it has lost 32% in value year-to-date. It traded at a pre-Covid high of $57 in February and is 30% below that level now. Also, HIG stock has gained 34% from the low of $30 seen in March 2020, after the multi-billion dollar stimulus package announced by the U.S. government has helped the stock price recover to some extent. That said the stock is lagging behind