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

$78.28
-0.69 (-0.87%)
(As of 03:33 PM ET)
Compare
Today's Range
$78.22
$79.64
50-Day Range
$69.51
$78.97
52-Week Range
$64.25
$79.64
Volume
728,474 shs
Average Volume
1.73 million shs
Market Capitalization
$23.54 billion
P/E Ratio
10.74
Dividend Yield
2.40%
Price Target
$85.43

The Hartford Financial Services Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
9.1% 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
0.77mentions of The Hartford Financial Services Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$5.84 M 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.

2.64 out of 5 stars

Finance Sector

123rd out of 725 stocks

Fire, Marine, & Casualty Insurance Industry

5th out of 37 stocks


HIG stock logo

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

HIG Stock News Headlines

The Hartford Announces Leadership Changes
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
3 Insurance Stock Buys for a Profitable November
Raymond James Reaffirms Their Buy Rating on Hartford Financial (HIG)
RBC Capital Keeps Their Hold Rating on Hartford Financial (HIG)
Hartford Financial profit rises on higher written premiums
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
12/06/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/03/2024
Next Earnings (Estimated)
2/01/2024

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Multi-line Insurance
Sector
Finance
CUSIP
41651510
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
+8.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$1.82 billion
Pretax Margin
11.88%

Debt

Sales & Book Value

Annual Sales
$22.36 billion
Cash Flow
$9.59 per share
Book Value
$41.80 per share

Miscellaneous

Free Float
294,755,000
Market Cap
$23.59 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. CostelloMs. 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. RobinsonMr. 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

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 Wall Street research analysts have issued twelve-month price objectives for The Hartford Financial Services Group's stock. Their HIG share price targets range from $77.00 to $104.00. On average, they anticipate the company's share price to reach $85.43 in the next twelve months. This suggests a possible upside of 9.1% 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 2023. Since then, HIG shares have increased by 3.2% and is now trading at $78.28.
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 during the month of 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 daily trading volume, of 1,450,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.0% of the shares of the company are sold short.
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) issued its quarterly earnings results on Thursday, October, 26th. The insurance provider reported $2.29 EPS for the quarter, topping the consensus estimate of $1.95 by $0.34. The insurance provider had revenue of $6.17 billion for the quarter, compared to the consensus estimate 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 prior year, the company earned $1.44 earnings per share.

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 declared a quarterly dividend on Thursday, October 26th. Stockholders 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 2.40%. The ex-dividend date is Thursday, November 30th. This is a positive change 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 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 number of institutional and retail 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
This page (NYSE:HIG) was last updated on 12/6/2023 by MarketBeat.com Staff

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