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

$109.63
+7.30 (+7.13%)
(As of 07/26/2024 ET)
Today's Range
$106.65
$109.68
50-Day Range
$98.71
$109.63
52-Week Range
$68.82
$109.68
Volume
2.87 million shs
Average Volume
1.67 million shs
Market Capitalization
$32.42 billion
P/E Ratio
12.46
Dividend Yield
1.71%
Price Target
$107.50

The Hartford Financial Services Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
1.9% Downside
$107.50 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.71
Upright™ Environmental Score
News Sentiment
1.15mentions of The Hartford Financial Services Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$9.45 M Sold Last Quarter
Proj. Earnings Growth
15.67%
From $9.83 to $11.37 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.

4.99 out of 5 stars

Finance Sector

3rd out of 898 stocks

Fire, Marine, & Casualty Insurance Industry

1st out of 54 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

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The Hartford declares $0.47 dividend
See More Headlines
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Company Calendar

Ex-Dividend for 7/2 Dividend
6/03/2024
Dividend Payable
7/02/2024
Last Earnings
7/25/2024
Today
7/26/2024
Next Earnings (Estimated)
10/24/2024
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
$107.50
High Stock Price Target
$144.00
Low Stock Price Target
$77.00
Potential Upside/Downside
-1.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
17 Analysts

Profitability

Net Income
$2.50 billion
Pretax Margin
13.36%

Debt

Sales & Book Value

Annual Sales
$24.53 billion
Cash Flow
$11.30 per share
Book Value
$49.85 per share

Miscellaneous

Free Float
291,023,000
Market Cap
$32.42 billion
Optionable
Optionable
Beta
0.93

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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

How have HIG shares performed this year?

The Hartford Financial Services Group's stock was trading at $80.38 at the start of the year. Since then, HIG shares have increased by 36.4% and is now trading at $109.63.
View the best growth stocks for 2024 here
.

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

The Hartford Financial Services Group, Inc. (NYSE:HIG) announced its quarterly earnings results on Thursday, July, 25th. The insurance provider reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.26. The firm's quarterly revenue was up 7.2% on a year-over-year basis.

How will The Hartford Financial Services Group's stock buyback program work?

The Hartford Financial Services Group's board authorized a share buyback plan on Thursday, July 25th 2024, which allows the company to repurchase $3,300,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 10.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

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.

Does The Hartford Financial Services Group have any subsidiaries?

The Hartford Financial Services Group subsidiaries include 1stAgChoice Inc., Access CoverageCorp Inc., Access CoverageCorp Technologies Inc., Business Management Group Inc., Cervus Claim Solutions LLC, First State Insurance Company, Fountain Investors III LLC, and more.

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

Top institutional shareholders of The Hartford Financial Services Group include Bank of New York Mellon Corp (0.83%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Raymond James & Associates (0.20%) and Wedge Capital Management L L P NC (0.15%). Insiders that own company stock include Douglas G Elliot, Christopher Swift, Beth Ann Costello, Robert W Paiano, Adin M Tooker, Jonathan R Bennett, Scott R Lewis, Michael R Fisher, Robert B Allardice III, Stephanie C Bush, David C Robinson, Amy Stepnowski and Allison G Niderno.
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.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Cisco Systems (CSCO).

This page (NYSE:HIG) was last updated on 7/26/2024 by MarketBeat.com Staff

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