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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Hartford Financial Services Group in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HIG shares.
View HIG analyst ratings or view top-rated stocks.

13 brokers have issued twelve-month price objectives for The Hartford Financial Services Group's shares. Their HIG share price forecasts range from $77.00 to $104.00. On average, they expect the company's stock price to reach $86.15 in the next twelve months. This suggests a possible upside of 23.2% from the stock's current price.
View analysts price targets for HIG or view top-rated stocks among Wall Street analysts.

The Hartford Financial Services Group's stock was trading at $75.83 at the start of the year. Since then, HIG stock has decreased by 7.8% and is now trading at $69.94.
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The Hartford Financial Services Group saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,830,000 shares, a decline of 5.7% from the April 15th total of 3,000,000 shares. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.9% of the company's shares are sold short.
View The Hartford Financial Services Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our HIG earnings forecast.

The Hartford Financial Services Group, Inc. (NYSE:HIG) issued its earnings results on Thursday, April, 27th. The insurance provider reported $1.68 EPS for the quarter, meeting analysts' consensus estimates of $1.68. The insurance provider earned $5.91 billion during the quarter, compared to analysts' expectations of $5.70 billion. The Hartford Financial Services Group had a net margin of 8.33% and a trailing twelve-month return on equity of 18.45%. The Hartford Financial Services Group's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share.
Read the conference call transcript.

The Hartford Financial Services Group announced a quarterly dividend on Wednesday, May 17th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.425 per share on Wednesday, July 5th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for HIG.

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), VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV), SPDR S&P Insurance ETF (KIE), Nuveen ESG Mid-Cap Value ETF (NUMV), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Fidelity Women's Leadership ETF (FDWM) and Invesco Zacks Mid-Cap ETF (CZA).

The Hartford Financial Services Group (NYSE:HIG) pays an annual dividend of $1.70 per share and currently has a dividend yield of 2.41%. 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 29.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 17.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIG.

The Hartford Financial Services Group issued an update on its first quarter 2023 earnings guidance on Monday, April, 17th. The company provided earnings per share (EPS) guidance of $1.68-$1.68 for the period, compared to the consensus earnings per share estimate of $1.54. The company issued revenue guidance of -.

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.

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).

The Hartford Financial Services Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "HIG."

The Hartford Financial Services Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (8.42%), BlackRock Inc. (7.97%), State Street Corp (5.57%), FMR LLC (3.93%), Geode Capital Management LLC (2.11%) and Dimensional Fund Advisors LP (1.84%). 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, William A Bloom and William A Bloom.
View institutional ownership trends.

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.
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One share of HIG stock can currently be purchased for approximately $69.94.

The Hartford Financial Services Group (NYSE:HIG) has a market capitalization of $21.70 billion and generates $22.36 billion in revenue each year. The insurance provider earns $1.82 billion in net income (profit) each year or $5.81 on an earnings per share basis.

The company employs 18,800 workers across the globe.

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.