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NYSE:HIG

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

$99.75
-0.58 (-0.58%)
(As of 05/29/2024 ET)
Today's Range
$99.65
$100.80
50-Day Range
$95.30
$103.27
52-Week Range
$67.42
$103.64
Volume
1.64 million shs
Average Volume
1.75 million shs
Market Capitalization
$29.50 billion
P/E Ratio
11.34
Dividend Yield
1.88%
Price Target
$105.88

The Hartford Financial Services Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.1% Upside
$105.88 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.71
Upright™ Environmental Score
News Sentiment
1.07mentions of The Hartford Financial Services Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$12.63 M Sold Last Quarter
Proj. Earnings Growth
14.19%
From $9.94 to $11.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.89 out of 5 stars

Finance Sector

34th out of 874 stocks

Fire, Marine, & Casualty Insurance Industry

2nd out of 52 stocks

HIG stock logo

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

The Hartford Financial Services Group, Inc., together with its subsidiaries, 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, accident, health, 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 channels 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 leave management solution. This segment also 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 funds 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 declares $0.47 dividend
Piper Sandler Reaffirms Their Buy Rating on Hartford Financial (HIG)
Hartford Financial (HIG) Receives a Hold from Morgan Stanley
See More Headlines
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Company Calendar

Ex-Dividend for 4/2 Dividend
3/01/2024
Dividend Payable
4/02/2024
Last Earnings
4/25/2024
Today
5/29/2024
Ex-Dividend for 7/2 Dividend
6/03/2024
Dividend Payable
7/02/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Multi-line Insurance
CUSIP
41651510
Employees
18,700
Year Founded
1810

Price Target and Rating

Average Stock Price Target
$105.88
High Stock Price Target
$144.00
Low Stock Price Target
$77.00
Potential Upside/Downside
+6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$2.50 billion
Pretax Margin
13.36%

Debt

Sales & Book Value

Annual Sales
$24.53 billion
Cash Flow
$10.36 per share
Book Value
$51.17 per share

Miscellaneous

Free Float
291,023,000
Market Cap
$29.50 billion
Optionable
Optionable
Beta
0.90

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Key Executives

  • Mr. Christopher Jerome Swift CPA (Age 63)
    Chairman & CEO
    Comp: $5.37M
  • Ms. Beth A. CostelloMs. Beth A. Costello (Age 56)
    Executive VP & CFO
    Comp: $2.41M
  • Ms. Amy Marie Stepnowski (Age 55)
    Executive VP & Chief Investment Officer
    Comp: $1.93M
  • Ms. Deepa Soni (Age 54)
    Executive VP, Head of Technology, Data, Analytics & Information Security and Chief Inf. Officer
    Comp: $1.68M
  • Mr. Allison Gayle Niderno (Age 44)
    Senior VP, Controller & Principal Accounting Officer
  • Ms. Susan Spivak Bernstein
    Senior Vice President of Investor Relations
  • Mr. Donald Christian Hunt
    Executive VP & General Counsel
  • Ms. Claire H. Burns (Age 55)
    Chief Marketing & Communications Officer
  • Ms. Lori A. Rodden (Age 53)
    Executive VP & Chief Human Resources Officer
  • Mr. Robert William Paiano (Age 62)
    Executive VP & Chief Risk Officer

HIG Stock Analysis - Frequently Asked Questions

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

16 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 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities 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?

16 equities research analysts have issued twelve-month target prices for The Hartford Financial Services Group's shares. Their HIG share price targets range from $77.00 to $144.00. On average, they expect the company's share price to reach $105.88 in the next year. This suggests a possible upside of 6.1% 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 2024?

The Hartford Financial Services Group's stock was trading at $80.38 at the beginning of the year. Since then, HIG stock has increased by 24.1% and is now trading at $99.75.
View the best growth stocks for 2024 here
.

Are investors shorting The Hartford Financial Services Group?

The Hartford Financial Services Group saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 4,340,000 shares, a decline of 12.5% from the April 15th total of 4,960,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the shares of the stock 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, July 25th 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 data on Thursday, April, 25th. The insurance provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.43 by $0.09. The insurance provider had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.51 billion. The Hartford Financial Services Group had a net margin of 10.87% and a trailing twelve-month return on equity of 20.64%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS.
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 declared a quarterly dividend on Wednesday, May 15th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.47 per share on Tuesday, July 2nd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Monday, June 3rd.
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 1.86%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIG will have a dividend payout ratio of 16.56% 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.79%), Price T Rowe Associates Inc. MD (5.39%), LSV Asset Management (1.62%), Nordea Investment Management AB (1.08%), Bank of New York Mellon Corp (0.85%) and Clearbridge Investments LLC (0.60%). Insiders that own company stock include Adin M Tooker, Allison G Niderno, 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 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/29/2024 by MarketBeat.com Staff

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