Should I buy or sell The Hartford Financial Services Group stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HIG shares. View HIG analyst ratings or view top-rated stocks .

What is The Hartford Financial Services Group's stock price target for 2024?

14 brokers have issued 1-year price targets for The Hartford Financial Services Group's shares. Their HIG share price targets range from $77.00 to $104.00. On average, they predict the company's stock price to reach $85.43 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View analysts price targets for HIG or view top-rated stocks among Wall Street analysts .

How have HIG shares performed in 2023?

The Hartford Financial Services Group's stock was trading at $75.83 at the beginning of the year. Since then, HIG stock has increased by 3.7% and is now trading at $78.64. View the best growth stocks for 2023 here .

Are investors shorting The Hartford Financial Services Group?

The Hartford Financial Services Group saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,080,000 shares, an increase of 11.6% from the October 15th total of 2,760,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.0% of the shares of the stock are short sold. View The Hartford Financial Services Group's Short Interest .

When is The Hartford Financial Services Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our HIG earnings forecast .

How were The Hartford Financial Services Group's earnings last quarter?

The Hartford Financial Services Group, Inc. (NYSE:HIG) posted its earnings results on Thursday, October, 26th. The insurance provider reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.34. The insurance provider earned $6.17 billion during the quarter, compared to analysts' expectations of $6.17 billion. The Hartford Financial Services Group had a net margin of 9.62% and a trailing twelve-month return on equity of 19.05%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 EPS.

How often does The Hartford Financial Services Group pay dividends? What is the dividend yield for The Hartford Financial Services Group?

The Hartford Financial Services Group announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.47 per share on Wednesday, January 3rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from the stock's previous quarterly dividend of $0.43. Read our dividend analysis for HIG .

Is The Hartford Financial Services Group a good dividend stock?

The Hartford Financial Services Group (NYSE:HIG) pays an annual dividend of $1.88 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 19.32% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HIG .

What ETFs hold The Hartford Financial Services Group's stock?

ETFs with the largest weight of The Hartford Financial Services Group (NYSE:HIG) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP) , iShares U.S. Insurance ETF (IAK) , SPDR S&P Insurance ETF (KIE) , AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) , Nuveen ESG Mid-Cap Value ETF (NUMV) , Dividend Performers ETF (IPDP) , Invesco Zacks Mid-Cap ETF (CZA) and Fidelity Women's Leadership ETF (FDWM) .

What is Christopher Swift's approval rating as The Hartford Financial Services Group's CEO?

839 employees have rated The Hartford Financial Services Group Chief Executive Officer Christopher Swift on Glassdoor.com . Christopher Swift has an approval rating of 89% among the company's employees.

What other stocks do shareholders of The Hartford Financial Services Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Hartford Financial Services Group investors own include Bank of America (BAC) , AT&T (T) , Walt Disney (DIS) , Intel (INTC) , JPMorgan Chase & Co. (JPM) , Verizon Communications (VZ) , Cisco Systems (CSCO) , CVS Health (CVS) , Bristol-Myers Squibb (BMY) and Pfizer (PFE) .

Who are The Hartford Financial Services Group's major shareholders?

The Hartford Financial Services Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (3.78%), Invesco Ltd. (2.47%), Victory Capital Management Inc. (1.71%), LSV Asset Management (1.55%), Massachusetts Financial Services Co. MA (1.50%) and Royal Bank of Canada (1.20%). Insiders that own company stock include Adin M Tooker , Amy Stepnowski , Beth Ann Costello , Christopher Swift , David C Robinson , Douglas G Elliot , Jonathan R Bennett , Michael R Fisher, Robert B Allardice III , Robert W Paiano , Scott R Lewis , Stephanie C Bush , William A Bloom and William A Bloom . View institutional ownership trends .

How do I buy shares of The Hartford Financial Services Group?

Shares of HIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does The Hartford Financial Services Group have any subsidiaries?

The following companies are subsidiares of The Hartford Financial Services Group: 1stAgChoice Inc., Access CoverageCorp Inc., Access CoverageCorp Technologies Inc., Business Management Group Inc., Cervus Claim Solutions LLC, FP R LLC, FTC Resolution Company LLC, First State Insurance Company, Fountain Investors I LLC, Fountain Investors II LLC, Fountain Investors III LLC, Fountain Investors IV LLC, HIMCO Distribution Services Company, HL Investment Advisors LLC, HLA LLC, HRA Brokerage Services Inc., Hart Re Group L.L.C., Hartford Accident and Indemnity Company, Hartford Administrative Services Company, Hartford Casualty General Agency Inc., Hartford Casualty Insurance Company, Hartford Fire General Agency Inc., Hartford Fire Insurance Company, Hartford Funds Distributors LLC, Hartford Funds Management Company LLC, Hartford Funds Management Group Inc., Hartford Group Benefits Holding Company, Hartford Holdings Inc., Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Hartford Insurance Company of the Southeast, Hartford Insurance Ltd., Hartford Integrated Technologies Inc., Hartford Investment Management Company, Hartford Life Ltd., Hartford Life and Accident Insurance Company, Hartford Lloyd’s Corporation, Hartford Lloyd’s Insurance Company, Hartford Management Ltd., Hartford Residual Market L.L.C., Hartford STAG Ventures LLC, Hartford Specialty Insurance Services of Texas LLC, Hartford Strategic Investments LLC, Hartford Underwriters General Agency Inc., Hartford Underwriters Insurance Company, Hartford of Texas General Agency Inc., Heritage Holdings Inc., Heritage Reinsurance Company Ltd., Horizon Management Group LLC, Lattice Strategies LLC, MPC Resolution Company LLC, Maxum Casualty Insurance Company, Maxum Indemnity Company, Maxum Specialty Services Corporation, New England Insurance Company, New England Reinsurance Corporation, New Ocean Insurance Co. Ltd., Nutmeg Insurance Agency Inc., Nutmeg Insurance Company (Connecticut, Pacific Insurance Company Limited, Property and Casualty Insurance Company of Hartford, Renato Acquisition Co., Sentinel Insurance Company Ltd., Trumbull Flood Management L.L.C., Trumbull Insurance Company, Twin City Fire Insurance Company, and Y-Risk LLC. Read More

The Hartford Financial Services Group Stock Price, News & Analysis (NYSE:HIG)

$78.64

+0.82 (+1.05%)

(As of 12/4/2023 ET)

Compare

Today's Range: $77.55
▼
$78.67
50-Day Range: $69.51
▼
$78.64
52-Week Range: $64.25
▼
$79.44

Volume: 1.46 million shs
Average Volume: 1.74 million shs
Market Capitalization: $23.65 billion

P/E Ratio: 10.79
Dividend Yield: 2.39%
Price Target: $85.43

The Hartford Financial Services Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 8.6% Upside
$85.43 Price Target
Short Interest: Healthy
1.25% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.71
Upright™ Environmental Score
News Sentiment: 1.11
Based on 6 Articles This Week
Insider Trading: Selling Shares
$436,159 Sold Last Quarter
Proj. Earnings Growth: 19.53%
From $8.14 to $9.73 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Finance Sector

114th out of 822 stocks

Fire, Marine, & Casualty Insurance Industry

5th out of 43 stocks

2.3

Analyst's Opinion

Consensus Rating
The Hartford Financial Services Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.43, The Hartford Financial Services Group has a forecasted upside of 8.6% from its current price of $78.64.
Amount of Analyst Coverage
The Hartford Financial Services Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.25% of the float of The Hartford Financial Services Group has been sold short.
Short Interest Ratio / Days to Cover
The Hartford Financial Services Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in The Hartford Financial Services Group has recently increased by 21.75%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
The Hartford Financial Services Group pays a meaningful dividend of 2.42%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The Hartford Financial Services Group has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of The Hartford Financial Services Group is 25.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, The Hartford Financial Services Group will have a dividend payout ratio of 19.32% next year. This indicates that The Hartford Financial Services Group will be able to sustain or increase its dividend.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
The Hartford Financial Services Group has received a 19.94% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home insurance services for individuals", "Life insurance services for groups", and "Health insurance services for groups" products. See details.
Environmental Sustainability
The Environmental Impact score for The Hartford Financial Services Group is -0.71.

3.4

News and Social Media Coverage

News Sentiment
The Hartford Financial Services Group has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for The Hartford Financial Services Group this week, compared to 5 articles on an average week.
Search Interest
Only 6 people have searched for HIG on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.
MarketBeat Follows
7 people have added The Hartford Financial Services Group to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Hartford Financial Services Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $436,159.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of The Hartford Financial Services Group is held by insiders.
Percentage Held by Institutions
90.81% of the stock of The Hartford Financial Services Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for The Hartford Financial Services Group are expected to grow by 19.53% in the coming year, from $8.14 to $9.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Hartford Financial Services Group is 10.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Hartford Financial Services Group is 10.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.52.
Price to Earnings Growth Ratio
The Hartford Financial Services Group has a PEG Ratio of 1.37. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
The Hartford Financial Services Group has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About The Hartford Financial Services Group Stock (NYSE:HIG)

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers managed mutual funds across various asset classes; and exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers, as well as investment management, distribution, and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.

HIG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HIG Stock News Headlines

November 29, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights MGIC Investment, CNO Financial, Old Republic International and The Hartford Financial Services

November 29, 2023 | finance.yahoo.com

The Hartford Announces Leadership Changes

December 5, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 28, 2023 | americanbankingnews.com

The Hartford Financial Services Group, Inc. (NYSE:HIG) Given Average Rating of "Moderate Buy" by Analysts

November 26, 2023 | finance.yahoo.com

The Hartford Financial Services Group, Inc. (NYSE:HIG) Passed Our Checks, And It's About To Pay A US$0.47 Dividend

November 20, 2023 | finance.yahoo.com

Here's Why Hartford Financial Services Group (NYSE:HIG) Has Caught The Eye Of Investors

November 17, 2023 | stocknews.com

Decoding Sun Life Financial's (SLF) Q3 Earnings: Is It Time to Invest?

November 17, 2023 | msn.com

Oppenheimer Initiates Coverage of Hartford Financial Services Group (HIG) with Perform Recommendation

December 5, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 13, 2023 | stocknews.com

3 Insurance Stock Buys for a Profitable November

November 2, 2023 | finance.yahoo.com

EVP Stephanie Bush Sells 5,000 Shares of The Hartford Financial Services Group Inc

November 1, 2023 | markets.businessinsider.com

Raymond James Reaffirms Their Buy Rating on Hartford Financial (HIG)

November 1, 2023 | msn.com

Raymond James Maintains Hartford Financial Services Group (HIG) Outperform Recommendation

October 30, 2023 | markets.businessinsider.com

RBC Capital Keeps Their Hold Rating on Hartford Financial (HIG)

October 30, 2023 | finance.yahoo.com

Hartford Financial Services Group's (NYSE:HIG) Dividend Will Be Increased To $0.47

October 30, 2023 | gurufocus.com

The Hartford Financial Services Group Inc (HIG) Company: A Short SWOT Analysis

October 28, 2023 | finance.yahoo.com

Q3 2023 Hartford Financial Services Group Inc Earnings Call

October 27, 2023 | seekingalpha.com

The Hartford Financial Services Group, Inc. (HIG) Q3 2023 Earnings Conference Call Transcript

October 27, 2023 | seekingalpha.com

The Hartford Financial Services Group, Inc. 2023 Q3 - Results - Earnings Call Presentation

October 26, 2023 | finance.yahoo.com

The Hartford Financial Services Group Inc (HIG) Reports Q3 2023 Earnings

October 26, 2023 | markets.businessinsider.com

Hartford Financial Services Group Inc. Q3 Profit Increases, beats estimates

October 26, 2023 | finance.yahoo.com

The Hartford Announces Third Quarter 2023 Financial Results

October 26, 2023 | ca.finance.yahoo.com

Hartford Financial profit rises on higher written premiums

October 25, 2023 | finance.yahoo.com

Should You Buy The Hartford Financial Services (HIG) Ahead of Earnings?

October 24, 2023 | finance.yahoo.com

Will Rate Hikes Aid Hartford Financial's (HIG) Q3 Earnings?

October 20, 2023 | finance.yahoo.com

AMERISAFE (AMSF) to Post Q3 Earnings: What's in the Cards?

October 19, 2023 | finance.yahoo.com

The Hartford Names Stephen Deane Chief Claims Officer

See More Headlines

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Company Calendar

Ex-Dividend for 10/3 Dividend: 8/31/2023
Dividend Payable: 10/03/2023
Last Earnings: 10/26/2023
Ex-Dividend for 1/3 Dividend: 11/30/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/03/2024
Next Earnings (Estimated): 2/01/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: Multi-line Insurance
Sector: Finance
Current Symbol: NYSE:HIG
CUSIP: 41651510
CIK: 874766
Web: www.thehartford.com
Phone: (860) 547-5000
Fax: 888-322-8444
Employees: 18,800
Year Founded: 1810

Price Target and Rating

Average Stock Price Target: $85.43
High Stock Price Target: $104.00
Low Stock Price Target: $77.00
Potential Upside/Downside: +8.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.29
Trailing P/E Ratio: 10.79
Forward P/E Ratio: 9.66
P/E Growth: 1.37
Net Income: $1.82 billion
Net Margins: 9.62%
Pretax Margin: 11.88%
Return on Equity: 19.05%
Return on Assets: 3.51%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 0.31
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $22.36 billion
Price / Sales: 1.06
Cash Flow: $9.61 per share
Price / Cash Flow: 8.18
Book Value: $41.80 per share
Price / Book: 1.88

Miscellaneous

Outstanding Shares: 300,770,000
Free Float: 294,755,000
Market Cap: $23.65 billion
Optionable: Optionable
Beta: 0.82

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Key Executives

Mr. Christopher Jerome Swift CPA (Age 62)
Chairman & CEO
Comp: $5.93M
Ms. Beth A. Costello (Age 55)
Executive VP & CFO
Comp: $2.75M
Ms. Deepa Soni (Age 53)
Executive VP, Head of Technology, Data, Analytics & Information Security and Chief Inf. Officer
Comp: $1.73M
Mr. David C. Robinson (Age 57)
Executive VP & General Counsel
Comp: $1.89M
Mr. John J. Kinney (Age 51)
Executive VP and Head of Claims & Operations
Ms. Amy Marie Stepnowski (Age 54)
Executive VP & Chief Investment Officer
Comp: $1.85M
Mr. Allison Gayle Niderno (Age 43)
Senior VP, Controller & Principal Accounting Officer
Ms. Susan Spivak Bernstein
Senior Investor Relations Officer
Ms. Claire H. Burns (Age 54)
Chief Marketing & Communications Officer
Mr. Adin Morris Tooker (Age 53)
EVP, Middle and Large Commercial, Global Specialty and Sales & Distribution

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy The Hartford Financial Services Group Stock? HIG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of The Hartford Financial Services Group was last updated on Sunday, December 3, 2023 at 4:32 PM.

Pros

Here are some ways that investors could benefit from investing in The Hartford Financial Services Group, Inc.:

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. This global presence allows for potential growth and diversification.
The Commercial Lines segment of The Hartford Financial Services Group, Inc. offers a wide range of insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, and reinsurance. This diverse portfolio of insurance products can provide stability and revenue streams from multiple sources.
The Hartford Financial Services Group, Inc. has regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. This extensive distribution network can help reach a large customer base and drive business growth.
The company has been reviewed by MarketBeat's editorial team prior to publication, indicating a level of credibility and reliability in the information provided.
Recent developments and insights on The Hartford Financial Services Group, Inc. can provide valuable information for investors to make informed decisions. It is important to stay updated with the latest news and trends in the financial industry.

Cons

Investors should be bearish about investing in The Hartford Financial Services Group, Inc. for these reasons:

It is important to consider the current stock price of The Hartford Financial Services Group, Inc. before making any investment decisions. The stock price can fluctuate and may not always be favorable for investors.
Investing in the financial services industry carries inherent risks, including market volatility, regulatory changes, and economic downturns. These factors can impact the performance and profitability of The Hartford Financial Services Group, Inc.
It is crucial to understand and evaluate the financial terms and concepts related to investing in The Hartford Financial Services Group, Inc. This includes terms such as market cap, preferred stock, common stock, momentum indicator (RSI), and dividend payout ratio. Familiarity with these terms can help investors make more informed decisions.
While The Hartford Financial Services Group, Inc. operates globally, it is important to consider the potential risks and challenges associated with international operations. Factors such as political instability, currency fluctuations, and regulatory differences can impact the company's performance.
Investors should be cautious and conduct thorough research before investing in The Hartford Financial Services Group, Inc. It is important to consider factors such as the company's financial health, competitive landscape, and industry trends to make informed investment decisions.

HIG Stock Analysis - Frequently Asked Questions

Should I buy or sell The Hartford Financial Services Group stock right now?: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HIG shares.
View HIG analyst ratings or view top-rated stocks.
What is The Hartford Financial Services Group's stock price target for 2024?: 14 brokers have issued 1-year price targets for The Hartford Financial Services Group's shares. Their HIG share price targets range from $77.00 to $104.00. On average, they predict the company's stock price to reach $85.43 in the next year. This suggests a possible upside of 8.6% from the stock's current price.
View analysts price targets for HIG or view top-rated stocks among Wall Street analysts.
How have HIG shares performed in 2023?: The Hartford Financial Services Group's stock was trading at $75.83 at the beginning of the year. Since then, HIG stock has increased by 3.7% and is now trading at $78.64.
View the best growth stocks for 2023 here.
Are investors shorting The Hartford Financial Services Group?: The Hartford Financial Services Group saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,080,000 shares, an increase of 11.6% from the October 15th total of 2,760,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.0% of the shares of the stock are short sold.
View The Hartford Financial Services Group's Short Interest.
When is The Hartford Financial Services Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our HIG earnings forecast.
How were The Hartford Financial Services Group's earnings last quarter?: The Hartford Financial Services Group, Inc. (NYSE:HIG) posted its earnings results on Thursday, October, 26th. The insurance provider reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.34. The insurance provider earned $6.17 billion during the quarter, compared to analysts' expectations of $6.17 billion. The Hartford Financial Services Group had a net margin of 9.62% and a trailing twelve-month return on equity of 19.05%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 EPS.
How often does The Hartford Financial Services Group pay dividends? What is the dividend yield for The Hartford Financial Services Group?: The Hartford Financial Services Group announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.47 per share on Wednesday, January 3rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for HIG.
Is The Hartford Financial Services Group a good dividend stock?: The Hartford Financial Services Group (NYSE:HIG) pays an annual dividend of $1.88 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 19.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIG.

What ETFs hold The Hartford Financial Services Group's stock?: ETFs with the largest weight of The Hartford Financial Services Group (NYSE:HIG) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), iShares U.S. Insurance ETF (IAK), SPDR S&P Insurance ETF (KIE), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Nuveen ESG Mid-Cap Value ETF (NUMV), Dividend Performers ETF (IPDP), Invesco Zacks Mid-Cap ETF (CZA) and Fidelity Women's Leadership ETF (FDWM).
What is Christopher Swift's approval rating as The Hartford Financial Services Group's CEO?: 839 employees have rated The Hartford Financial Services Group Chief Executive Officer Christopher Swift on Glassdoor.com. Christopher Swift has an approval rating of 89% among the company's employees.
What other stocks do shareholders of The Hartford Financial Services Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other The Hartford Financial Services Group investors own include Bank of America (BAC), AT&T (T), Walt Disney (DIS), Intel (INTC), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Cisco Systems (CSCO), CVS Health (CVS), Bristol-Myers Squibb (BMY) and Pfizer (PFE).
Who are The Hartford Financial Services Group's major shareholders?: The Hartford Financial Services Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (3.78%), Invesco Ltd. (2.47%), Victory Capital Management Inc. (1.71%), LSV Asset Management (1.55%), Massachusetts Financial Services Co. MA (1.50%) and Royal Bank of Canada (1.20%). Insiders that own company stock include Adin M Tooker, Amy Stepnowski, Beth Ann Costello, Christopher Swift, David C Robinson, Douglas G Elliot, Jonathan R Bennett, Michael R Fisher, Robert B Allardice III, Robert W Paiano, Scott R Lewis, Stephanie C Bush, William A Bloom and William A Bloom.
View institutional ownership trends.
How do I buy shares of The Hartford Financial Services Group?: Shares of HIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does The Hartford Financial Services Group have any subsidiaries?: The following companies are subsidiares of The Hartford Financial Services Group: 1stAgChoice Inc., Access CoverageCorp Inc., Access CoverageCorp Technologies Inc., Business Management Group Inc., Cervus Claim Solutions LLC, FP R LLC, FTC Resolution Company LLC, First State Insurance Company, Fountain Investors I LLC, Fountain Investors II LLC, Fountain Investors III LLC, Fountain Investors IV LLC, HIMCO Distribution Services Company, HL Investment Advisors LLC, HLA LLC, HRA Brokerage Services Inc., Hart Re Group L.L.C., Hartford Accident and Indemnity Company, Hartford Administrative Services Company, Hartford Casualty General Agency Inc., Hartford Casualty Insurance Company, Hartford Fire General Agency Inc., Hartford Fire Insurance Company, Hartford Funds Distributors LLC, Hartford Funds Management Company LLC, Hartford Funds Management Group Inc., Hartford Group Benefits Holding Company, Hartford Holdings Inc., Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Hartford Insurance Company of the Southeast, Hartford Insurance Ltd., Hartford Integrated Technologies Inc., Hartford Investment Management Company, Hartford Life Ltd., Hartford Life and Accident Insurance Company, Hartford Lloyd’s Corporation, Hartford Lloyd’s Insurance Company, Hartford Management Ltd., Hartford Residual Market L.L.C., Hartford STAG Ventures LLC, Hartford Specialty Insurance Services of Texas LLC, Hartford Strategic Investments LLC, Hartford Underwriters General Agency Inc., Hartford Underwriters Insurance Company, Hartford of Texas General Agency Inc., Heritage Holdings Inc., Heritage Reinsurance Company Ltd., Horizon Management Group LLC, Lattice Strategies LLC, MPC Resolution Company LLC, Maxum Casualty Insurance Company, Maxum Indemnity Company, Maxum Specialty Services Corporation, New England Insurance Company, New England Reinsurance Corporation, New Ocean Insurance Co. Ltd., Nutmeg Insurance Agency Inc., Nutmeg Insurance Company (Connecticut, Pacific Insurance Company Limited, Property and Casualty Insurance Company of Hartford, Renato Acquisition Co., Sentinel Insurance Company Ltd., Trumbull Flood Management L.L.C., Trumbull Insurance Company, Twin City Fire Insurance Company, and Y-Risk LLC.
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This page (NYSE:HIG) was last updated on 12/5/2023 by MarketBeat.com Staff

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