Investopedia: Hartford's Transformation Continuing To Unlock Value

A year ago, I was somewhat skeptical about Hartford's (NYSE:HIG) decision to transition out of its traditional life insurance and annuity businesses and towards a greater focus on P&C. While I thought the stock was cheap on a long-term ROE basis, I didn't expect the nearly 90% increase in the share price, nor the rapid pace of improvement in the company's legacy and going-forward operations. While the shares now have more average long-term potential on a ROE basis, there could still be upside left for these shares if Wall Street elects to value these shares more in line with other P&C companies with similar return characteristics.

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