NYSE:HIG

The Hartford Financial Services Group (HIG) Stock Forecast, Price & News

$70.91

-1.21 (-1.68%)

(As of 09/29/2023 08:53 PM ET)

Compare

Today's Range: $70.70
▼
$72.17
50-Day Range: $70.91
▼
$76.07
52-Week Range: $61.89
▼
$79.44

Volume: 1.15 million shs
Average Volume: 1.75 million shs
Market Capitalization: $21.69 billion

P/E Ratio: 11.40
Dividend Yield: 2.40%
Price Target: $85.46

The Hartford Financial Services Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.58 Rating Score
Upside/Downside: 20.5% Upside
$85.46 Price Target
Short Interest: Healthy
1.00% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.71
Upright™ Environmental Score
News Sentiment: 1.08
Based on 5 Articles This Week
Insider Trading: Selling Shares
$326,053 Sold Last Quarter
Proj. Earnings Growth: 21.28%
From $7.80 to $9.46 Per Share

Overall MarketRank^™

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

2.67 out of 5 stars

Finance Sector

214th out of 859 stocks

Fire, Marine, & Casualty Insurance Industry

12th out of 48 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 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.46, The Hartford Financial Services Group has a forecasted upside of 20.5% from its current price of $70.91.
Amount of Analyst Coverage
The Hartford Financial Services Group has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.00% 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 2.4, 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 1.67%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
The Hartford Financial Services Group pays a meaningful dividend of 2.36%, 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 3 years.
Dividend Coverage
The dividend payout ratio of The Hartford Financial Services Group is 27.33%. 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 17.97% 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.

2.8

News and Social Media Coverage

News Sentiment
The Hartford Financial Services Group has a news sentiment score of 1.08. 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 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for The Hartford Financial Services Group this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for HIG on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added The Hartford Financial Services Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $326,053.00 in company stock.
Percentage Held by Insiders
Only 1.80% 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 21.28% in the coming year, from $7.80 to $9.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Hartford Financial Services Group is 11.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Hartford Financial Services Group is 11.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 64.65.
Price to Earnings Growth Ratio
The Hartford Financial Services Group has a PEG Ratio of 1.30. 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 1.70. 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 (NYSE:HIG) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

HIG Stock News Headlines

September 28, 2023 | finance.yahoo.com

Car Insurance Premiums Have Gone Through the Roof. It’s Going to Get Worse.

September 21, 2023 | marketwatch.com

Hartford Financial Services Group Inc. stock falls Thursday, still outperforms market

October 2, 2023 | Behind the Markets (Ad)

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September 14, 2023 | finance.yahoo.com

Hartford Financial (HIG) Streamlines Workflow With New Launch

September 13, 2023 | finance.yahoo.com

The Hartford Launches New Digital Submission Capabilities For Agents And Brokers Of Midsize And Large Accounts

September 12, 2023 | seekingalpha.com

Hartford Financial: Cheap With Catalysts

September 11, 2023 | seekingalpha.com

The Hartford Financial: Net Outflows Improving, Strong Buy Reaffirmed

August 24, 2023 | finance.yahoo.com

AM Best Affirms Credit Ratings of The Hartford Financial Services Group, Inc. and Its Subsidiaries

October 2, 2023 | Chaikin Analytics (Ad)

Something is Coming for America's Top Stock

This stock has already doubled this year - but it could hurt your portfolio if you hold it much longer. Learn why here.

August 15, 2023 | marketwatch.com

Hartford Financial Services Group Inc. stock falls Tuesday, underperforms market

August 10, 2023 | finance.yahoo.com

Blue Owl Capital (OBDC) Q2 Earnings Beat, Revenues Rise Y/Y

August 1, 2023 | msn.com

Barclays Maintains Hartford Financial Services Group (HIG) Overweight Recommendation

August 1, 2023 | msn.com

RBC Capital Reiterates Hartford Financial Services Group (HIG) Sector Perform Recommendation

July 29, 2023 | markets.businessinsider.com

Wells Fargo Sticks to Its Buy Rating for Hartford Financial (HIG)

July 28, 2023 | seekingalpha.com

The Hartford Financial Services Group, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | finance.yahoo.com

The Hartford Announces Second Quarter 2023 Financial Results

July 24, 2023 | finance.yahoo.com

Will High Cat Losses Mar Hartford Financial's (HIG) Q2 Earnings?

July 20, 2023 | finance.yahoo.com

The Hartford’s New Study: Black U.S. Workers Face Greater Barriers To Mental Health Support At Work

July 15, 2023 | markets.businessinsider.com

RBC Capital Sticks to Its Hold Rating for Hartford Financial (HIG)

July 10, 2023 | finance.yahoo.com

The Hartford Names Laura Hamilton Head Of Western Division Field Sales And Underwriting For Middle And Large Commercial

June 29, 2023 | seekingalpha.com

5 Reasons To Be Bullish On The Hartford Financial

June 22, 2023 | finance.yahoo.com

5 Low-Beta Insurance Stocks to Beat Market Volatility

June 15, 2023 | marketwatch.com

Hartford Financial Services Group Inc. stock rises Thursday, still underperforms market

June 14, 2023 | marketwatch.com

Hartford Financial Services Group Inc. stock rises Monday, still underperforms market

June 8, 2023 | morningstar.com

The Hartford Financial Services Group Inc Pref Share HIGpG Stock Quote

May 31, 2023 | finance.yahoo.com

HFF.SG - The Hartford Financial Services Group, Inc.

May 26, 2023 | finance.yahoo.com

The Hartford Financial Services Group, Inc. (NYSE:HIG) Passed Our Checks, And It's About To Pay A US$0.42 Dividend

See More Headlines

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HIG Company Calendar

Ex-Dividend for 7/5 Dividend: 5/31/2023
Dividend Payable: 7/05/2023
Last Earnings: 7/27/2023
Ex-Dividend for 10/3 Dividend: 8/31/2023
Today: 10/02/2023
Dividend Payable: 10/03/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $85.46
High Stock Price Forecast: $104.00
Low Stock Price Forecast: $71.00
Forecasted Upside/Downside: +20.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.58
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.22
Trailing P/E Ratio: 11.40
Forward P/E Ratio: 9.09
P/E Growth: 1.3
Net Income: $1.82 billion
Net Margins: 8.53%
Pretax Margin: 10.56%
Return on Equity: 17.54%
Return on Assets: 3.22%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 0.31
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $23.27 billion
Price / Sales: 0.93
Cash Flow: $9.52 per share
Price / Cash Flow: 7.45
Book Value: $41.80 per share
Price / Book: 1.70

Miscellaneous

Outstanding Shares: 305,817,000
Free Float: 300,312,000
Market Cap: $21.69 billion
Optionable: Optionable
Beta: 0.86

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Key Executives

Mr. Christopher Jerome Swift CPA (Age 62)
Chairman & CEO
Comp: $5.93M

Ms. Beth A. Costello (Age 55)
Exec. VP & CFO
Comp: $2.75M

Ms. Deepa Soni (Age 53)
Exec. VP, Head of Technology, Data, Analytics & Information Security and Chief Inf. Officer
Comp: $1.73M

Mr. David C. Robinson (Age 57)
Exec. VP & Gen. Counsel
Comp: $1.89M

Mr. John J. Kinney (Age 51)
Exec. VP and Head of Claims & Operations

Ms. Amy Marie Stepnowski (Age 54)
Exec. VP & Chief Investment Officer

Mr. Allison Gayle Niderno (Age 43)
Sr. VP, Controller & Principal Accounting Officer

Ms. Susan Spivak Bernstein
Sr. 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

HIG Stock - Frequently Asked Questions

Should I buy or sell The Hartford Financial Services Group stock right now?: 12 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 5 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 forecast for 2023?: 12 Wall Street analysts have issued 1 year price objectives for The Hartford Financial Services Group's shares. Their HIG share price forecasts range from $71.00 to $104.00. On average, they expect the company's stock price to reach $85.46 in the next year. This suggests a possible upside of 20.5% 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 on January 1st, 2023. Since then, HIG stock has decreased by 6.5% and is now trading at $70.91.
View the best growth stocks for 2023 here.
When is The Hartford Financial Services Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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, July, 27th. The insurance provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.85 by $0.03. The insurance provider had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.09 billion. The Hartford Financial Services Group had a net margin of 8.53% and a trailing twelve-month return on equity of 17.54%.
Read the conference call transcript.
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 Wednesday, July 19th. Shareholders of record on Friday, September 1st will be given a dividend of $0.425 per share on Tuesday, October 3rd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, August 31st.
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).
Is The Hartford Financial Services Group a good dividend stock?: The Hartford Financial Services Group (NYSE:HIG) pays an annual dividend of $1.70 per share and currently has a dividend yield of 2.36%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 17.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIG.

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).
What is The Hartford Financial Services Group's stock symbol?: The Hartford Financial Services Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "HIG."
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.
What is The Hartford Financial Services Group's stock price today?: One share of HIG stock can currently be purchased for approximately $70.91.
How much money does The Hartford Financial Services Group make?: The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $21.69 billion and generates $23.27 billion in revenue each year. The insurance provider earns $1.82 billion in net income (profit) each year or $6.22 on an earnings per share basis.
How many employees does The Hartford Financial Services Group have?: The company employs 18,800 workers across the globe.
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
How can I contact The Hartford Financial Services Group?: The Hartford Financial Services Group's mailing address is ONE HARTFORD PLAZA, HARTFORD CT, 06155. The official website for the company is www.thehartford.com. The insurance provider can be reached via phone at (860) 547-5000, via email at investorrelations@thehartford.com, or via fax at 888-322-8444.

This page (NYSE:HIG) was last updated on 10/2/2023 by MarketBeat.com Staff

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