Top Stock to Buy #3 –Hartford Financial Services Group (HIG)
Hartford Financial Services Group (NYSE:HIG) is one of the leading U.S. multi-line insurance companies and writer of property and casualty insurance. The company has had success in improving its balance sheet and realigning its distribution, and thus, its growth prospects have improved.
Operating earnings for 2013 are estimated at $3.14, up from $2.88 in 2012, and $3.50 is expected in 2014. HIG has an annual dividend yield of 1.5%.
Technically, HIG completed a high-volume breakout from a cup-and-handle pattern with an impressive breakaway gap on Jan. 2. On April 11, it made a 52-week high, closing at $27.38.
The stock is currently under heavy accumulation, and a trade to $32 is likely. Investors could see much better returns if holding for the long term.